XAU Trading Outlook (21-07-2011)

Oil &amp Gold (XAU) the downside was short-lived and the market pushed higher back towards the $1600 level. Overall trading with a low of USD$1580 and high of USD $1602 before ending the New York session at USD$1595 an ounce. Oil consolidated above $98. WTI Oil Closed +$0.54 at $98.40 a barrel.

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