XAU Trading Outlook (18-07-2011)

Oil &amp Gold (XAU) Gold came under profit taking pressure before rebounding back above $1590 to close at record highs. Overall trading with a low of USD$1575 and high of USD $1593 before ending the New York session at USD$1593 an ounce. Rallied hard after pulling back on Thursday to reclaim $97 a barrel. WTI Oil Closed +$1.55 at $97.25 a barrel.

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