XAU Trading Outlook (26-07-2011)

Oil &amp Gold (XAU) Gold broke to fresh all time highs well supported on the US debt ceiling worries and Greece downgrade. Overall trading with a low of USD$1608 and high of USD $1622 before ending the New York session at USD$1613 an ounce. Oil fell back with stocks but only slightly. WTI Oil Closed -$0.67 at $99.20 a barrel.

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