XAU Trading Outlook (13-12-2010)

Oil &amp Gold (XAU) gold fell sharply in the US session over $20 an ounce before stabilizing at familiar levels. Overall trading with a low of USD$1372 and high of USD $1393 before ending the New York session at USD$1385 an ounce. Fell from $89 to $87 in sympathy with other commodities before consolidating. WTI Oil Closed -$0.58 at $87.79 a barrel.

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