XAU Trading Outlook (25-02-2011)
Oil & Gold (XAU) extreme volatility continued with bouts of heavy profit taking sending the precious metal plummeting before recovering into the close. Overall trading with a low of USD$1391 and high of USD $1418 before ending the New York session at USD$1403 an ounce. Oil Surged before reversing on talk extra supply from OPEC to cover Libyan output drop. WTI Oil Closed -$1.45 at $98.35 a barrel.
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