XAU Trading Outlook (28-02-2011)

Oil &amp Gold (XAU) resumed its grind higher towards Thursday&rsquo s high of $1418. Overall trading with a low of USD$1400 and high of USD $1415 before ending the New York session at USD$1412 an ounce. Fell back on assurances from OPEC and the IEA that they could compensate Libyan output shortages. WTI Oil Closed -$0.60 at $97.70 a barrel.

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