XAU Trading Outlook (24-05-2011)
Oil & Gold (XAU) Gold edged higher as sovereign bond yields crept higher in the Eurozone. Silver is struggling to follow the yellow metal as the recent plunge scared off speculators. Overall trading with a low of USD$1503 and high of USD $1518 before ending the New York session at USD$1516 an ounce. Oil crashed lower finding support under $97 a barrel. WTI Oil Closed -$2.4 at $97.70 a barrel.
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