XAU Trading Outlook (04-05-2012)

Oil prices plunged to 102.21 from 104.93 dollars a barrel. Gold (XAU) dropped to 1635.73 from 1651.90 US dollars an ounce. Against the euro, gold plummeted to 1243.87 from 1257.37 euro an ounce. Silver (XAG) moved down to 30.1163 from 30.5878 dollars an ounce.

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