XAU Trading Outlook (08-10-2010)

Oil &amp Gold (XAU) rallied to all time highs before crashing over $30 an ounce on USD demand and profit taking.Overall trading with a low of USD$1325 and high of USD $1364 before ending the New York session at USD$1334 an ounce. Fell under profit taking after significant gains in recent sessions. WTI Oil Closed -$1.79 at $81.44 a barrel.

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