XAU Trading Outlook (10-11-2010)

Oil &amp Gold (XAU) was extremely volatile falling sharply from $1420 on news margin requirements for silver would be increased for traders. Overall trading with a low of USD$1382 and high of USD $1424 before ending the New York session at USD$1402 an ounce. Oil slumped along with most commodities. WTI Oil Closed -$1.32 at $85.74 a barrel.

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