XAU Trading Outlook (01-12-2010)

Oil &amp Gold (XAU) surged higher on sovereign debt concerns heading back towards the $1400 level once again. Overall trading with a low of USD$1362 and high of USD $1390 before ending the New York session at USD$1385 an ounce. Oil tracked the weakness in investor sentiment falling back heavily in US trade. WTI Oil Closed -$1.66 at $84.07 a barrel.

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