XAU Trading Outlook (17-01-2011)

Oil &amp Gold (XAU) Gold took another leg lower falling briefly below $1360. Overall trading with a low of USD$1355 and high of USD $1378 before ending the New York session at USD$1362 an ounce. Oil pulled back testing $90 a barrel before recovering and finishing strong. WTI Oil Closed +$0.40 at $91.54 a barrel.

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