XAU Trading Outlook (14-06-2012)

Oil & Gold (XAU) Gold moved to the next level above $1620 as the USD was sold broadly. The recent high was $1630 and this will prove key in coming sessions for the resurgent precious metal. OIL/USD was quiet as the market waits for today’s OPEC meeting which has some downside risk from discontented producers worried about the recent sharp drop in prices.

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