Friday, December 17, 2010

Oil & Gold

Oil & Gold (XAU) once again was supported on dips towards the $1160 level but found resistance near $1170 strong as well. Overall trading with a low of USD$1157 and high of USD$1172 before ending the New York session at USD$1169 an ounce. Was weak on concerns of plentiful supply. Crude Oil was down -$1.11 ending the New York session at $76.45.

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