XAU Trading Outlook (21-05-2012)

Gold (XAU) was the biggest gainer, consolidating on its previous day 2.5% rally, posting another 1.1% ($17) gain. Flight to safety ensured XAU remained in demand, whilst a late Friday reversal in a weaker USD did little to contain the buoyancy in the precious metal, before fading near the psychological 1600 oz. mark to post a high of 1597.70

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