Oil & Gold (XAU) Gold was supported on the spike in sovereign risk out of the EU overnight, able to gain towards $1675oz against the USD but also making heavy gains against the Euro. XAU/EUR received a lot of attention overnight soaring $20oz as the sovereign risk emanated out of the Eurozone itself. OIL/USD was sold with stocks from $97.50 to $96 with the chart now glaring a warning double top at $98 a barrel.
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