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XAU Trading Outlook (22-02-2011)

Oil &amp Gold (XAU) surged back above $1400 on safe haven demand for the precious metal. Overall trading with a low of USD$1388 and high of USD $1410 before ending the New York session at USD$1406 an ounce. Oil has one of its biggest rallies in history on the back of the thin trading conditions with US markets on holiday and uncertainty caused from the multiple middle eastern uprisings. WTI Oil Closed +$6.10 at $97.60 a barrel.

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