XAU Trading Outlook (23-12-2010)

Oil &amp Gold (XAU) remained supported on European sovereign issues but kept to a tight range. Overall trading with a low of USD$1383 and high of USD $1391 before ending the New York session at USD$1387 an ounce. Broke above $90 a barrel as the rally continued. WTI Oil Closed +$0.70 at $90.50 a barrel.

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