XAU Trading Outlook (10-10-2011)

Oil &amp Gold (XAU) Gold fell back from $1660 to $1630 before finding support and closing slightly higher. The outlook is mixed with the demand for Gold seen tempered if the fear of a Eurozone banking Crisis subsides. Crude Oil was volatile as always surging $2 a barrel on strong US jobs data before reversing to fresh day lows on the Spanish downgrade.

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