XAU Trading Outlook (31-01-2011)
Oil & Gold (XAU) safe haven demand from all corners of the market lifted gold $30 for it biggest gain in 6 months. Overall trading with a low of USD$1308 and high of USD $1347 before ending the New York session at USD$1336 an ounce. Middle East concerns where best expressed with Oil jumping over 4% back to $90 a barrel. WTI Oil Closed +$3.70 at $89.34 a barrel.
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