XAU Trading Outlook (31-12-2010)

Oil &amp Gold (XAU) Mild profit taking pulled the precious metal back towards $1400. Overall trading with a low of USD$1402 and high of USD $1415 before ending the New York session at USD$1407 an ounce. Oil pulled back substantially on heavy year end profit taking back to below $90 a barrel. WTI Oil Closed -$1.60 at $89.50 a barrel.

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