XAU Trading Outlook (22-07-2011)

Oil &amp Gold (XAU) the market sold the alternative currency Gold on easing sovereign debt fears Overall trading with a low of USD$1584 and high of USD $1604 before ending the New York session at USD$1590 an ounce. Oil broke out of the range to the topside above $99 and is within striking distance of $100. WTI Oil Closed +$0.73 at $99.10 a barrel.

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