XAU Trading Outlook (12-11-2010)

Oil &amp Gold (XAU) close back above $1400 as sovereign risk trumped the USD strength. Overall trading with a low of USD$1396 and high of USD $1418 before ending the New York session at USD$1406 an ounce. Oil reversed direction on profit taking. WTI Oil Closed -$0.09 at $87.72 a barrel.

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