XAU Trading Outlook (15-07-2011)

Oil &amp Gold (XAU) Fresh all-time highs above $1590 reversed on Bernanke comments but the mood is still very bullish on the precious metal. Overall trading with a low of USD$1578 and high of USD $1594 before ending the New York session at USD$1585 an ounce. Oil face heavy selling pressure paring back recent gains towards the key $95 level. WTI Oil Closed -$2.36 at $95.70 a barrel.

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