XAU Trading Outlook (26-06-2012)
Oil & Gold (XAU) Gold reversed higher overnight bucking the strong USD as the Eurozone debt crisis once again festered and investors flooded into the safe haven and alternative investment in the precious metal. OIL/USD fell from $80 to $78 before recovering to $79 as the rollercoaster to the downside continued. Falling global demand outlooks have been the main catalyst for the recent drop.
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