XAU Trading Outlook (07-12-2010)

Oil &amp Gold (XAU) Gold took advantage of the sovereign debt concerns to push higher to fresh record highs. Overall trading with a low of USD$1408 and high of USD $1428 before ending the New York session at USD$1420 an ounce. Oil eased slightly on profit taking after rallying aggressively last week. WTI Oil Closed -$0.15 at $89.20 a barrel.

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