XAU Trading Outlook (08-12-2010)

Oil &amp Gold (XAU) Gold crashed off record highs to test $1400 before stabilizing. Overall trading with a low of USD$1396 and high of USD $1431 before ending the New York session at USD$1402 an ounce. Oil Tracked lower towards $88 after trading above $90 earlier. WTI Oil Closed -$0.98 at $88.40 a barrel.

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