XAU Trading Outlook (16-08-2012)
Oil & Gold (XAU) XAU/USD was volatile falling to $1590 before surging in the US session to $1606 after weak US CPI (Inflation) left the door open for possible FED Action. Recent strong US data however is creating downside pressure on the XAU/USD with the date of further expected US monetary Policy being pushed back later and later. OIL/USD returned to strength pushing up towards $95 in a strong day of trade.
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