XAU Trading Outlook (14-03-2011)
Oil & Gold (XAU) Gold found support on the USD weakness and Japanese safe haven buying. Overall trading with a low of USD$1404 and high of USD $1424 before ending the New York session at USD$1417 an ounce. Fell heavily for a second day as the &lsquo day of rage&rsquo protests in Saudi Arabia fizzled out. The market may continue to fall on Japanese demand drop concerns. WTI Oil Closed -$1.54 at $101.16 a barrel.
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