GOLD:

Market news

13 May 2011

GOLD:

Spot gold holds at $1485.25/oz on the low side of the day's $1483.46 to $1516.40 range. Gold holds above last week's lows ($1462.40). In addition to last week's low, the 55-day moving average comes in around $1461.20 Friday, which should also act as larger support. Gold last traded below its 55-day in February.

US session review: Pound declines versus Euro, Dollar on rate

OIL:

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