XAU Trading Outlook (14-07-2011)

Oil &amp Gold (XAU) broke to all-time highs in a major move higher to test $1590. Overall trading with a low of USD$1564 and high of USD $1590 before ending the New York session at USD$1588 an ounce. Gained aggressively to test $99 before falling back to $98 on profit taking. WTI Oil Closed +$1.20 at $98.00 a barrel.

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