XAU Trading Outlook (16-05-2012)

Oil prices dropped to 92.97 – a level last seen in December 2011 – from 93.93 dollars a barrel. Gold (XAU) plunged to 1543.00 – a fresh 5-month low – from 1558.34 US dollars an ounce. Against the euro, gold dived to 1213.08 from 1214.04 euro an ounce. Silver (XAG) moved down to a new low at 27.6497 from 28.2059 dollars an ounce. Stay in tune throughout the day with!

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