XAU Trading Outlook (21-10-2011)

Oil &amp Gold (XAU) traded in a range between $1610-30 an ounce with the buyers cautious given the recent selling. A negative outcome over the weekend may lead to Gold support on Monday if investors once again search for a safe haven. Oil dipped below $85 as selling continued for a second day but eventually found support and rallied back to $86 in late US trade.

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