XAU Trading Outlook (06-12-2010)

Oil &amp Gold (XAU) popped above $1400 extending gains and closed within striking distance of all-time highs at $1424. Overall trading with a low of USD$1386 and high of USD $1416 before ending the New York session at USD$1414 an ounce. Oil continued to rally extending gains towards $90 a barrel. WTI Oil Closed +$1.19 at $89.20 a barrel.

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