XAU Trading Outlook (28-07-2011)

Oil &amp Gold (XAU) traded fresh all-time highs above $1625 before falling sharply on profit taking in the US session. Overall trading with a low of USD$1608 and high of USD $1629 before ending the New York session at USD$1616 an ounce. Oil fell heavily with US stocks. WTI Oil Closed -$2.19 at $97.40 a barrel.

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