XAU Trading Outlook (24-06-2011)

Oil &amp Gold (XAU) Gold had a major sell off down to month lows below $1520 an ounce before stabilizing. Overall trading with a low of USD$1512 and high of USD $1549 before ending the New York session at USD$1521 an ounce. Oil reacted sharply to the IEA news but was able to recover a substantial part of the losses later in the day as US stocks reversed direction. WTI Oil Closed -1.20 at $94.21 a barrel.

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