XAU Trading Outlook (16-11-2010)

Oil &amp Gold (XAU) Gold continued to be sold on rallies with profit taking competing with safe haven demand. Overall trading with a low of USD$1355 and high of USD $1377 before ending the New York session at USD$1360 an ounce. Oil rebounded before falling sharply into the US close. WTI Oil Closed -$0.22 at $84.66 a barrel.

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