XAU Trading Outlook (10-01-2011)
Oil & Gold (XAU) day lows just before the release of US data saw $1350 tested before a rally to $1370 into the weekend. Overall trading with a low of USD$1353 and high of USD $1378 before ending the New York session at USD$1370 an ounce. Oil fell below $88 on weak US stocks but recovered well to finish slightly higher on the day. WTI Oil Closed +$0.20 at $88.40 a barrel.
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