XAU Trading Outlook (14-01-2011)

Oil &amp Gold (XAU) fell sharply as the European sovereign debt issue calmed down. Overall trading with a low of USD$1369 and high of USD $1393 before ending the New York session at USD$1375 an ounce. Profit takers emerged after Crude Oil failed to hold above the $92 a barrel level. WTI Oil Closed -$0.78 at $91.08 a barrel.

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