XAU Trading Outlook (28-01-2011)

Oil &amp Gold (XAU) continued to find heavy selling pressure in the US session on further liquidation from investors. Overall trading with a low of USD$1310 and high of USD $1348 before ending the New York session at USD$1315 an ounce. Oil&amp rsquo s volatility continued down towards the key $85 level. WTI Oil Closed -$1.69 at $85.60 a barrel.

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