XAU Trading Outlook (04-07-2011)
Oil & Gold (XAU) Broke below $1500 and tested for support as the safe haven appeal of the precious metal melted away in the improving investor outlook. Overall trading with a low of USD$1478 and high of USD $1502 before ending the New York session at USD$1487 an ounce. Fell back slightly as the weeks considerable gains came under profit taking pressure. WTI Oil Closed -$0.48 at $94.90 a barrel.
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