XAU Trading Outlook (27-07-2011)

Oil &amp Gold (XAU) Investors flooded into Gold with the precious metal supported on US downgrade fears and closing near all time highs at $1620. Overall trading with a low of USD$1607 and high of USD $1620 before ending the New York session at USD$1619 an ounce. Oil was the most volatile dropping after US data before reversing sharply when US stocks opened and tested $100. WTI Oil Closed +$0.30 at $99.50 a barrel.

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