XAU Trading Outlook (17-03-2011)

Oil &amp Gold (XAU) was volatile but under pressure as safe haven buying struggled to offset liquidations by investors trying to free up some cash. Overall trading with a low of USD$1386 and high of USD $1406 before ending the New York session at USD$1398 an ounce. Oil spiked higher on middle unrest. WTI Oil Closed +$1.16 at $98.34 a barrel.

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