Oil & Gold (XAU) Gold launched higher breaking fresh all time highs as investors flooded into the precious metal. Overall trading with a low of USD$1618 and high of USD $1661 before ending the New York session at USD$1655 an ounce. Oil slumped with forecasts for global growth being downgraded and fears of a US recession put sellers in control. WTI Oil Closed -$1.10 at $93.79 a barrel.
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