XAU Trading Outlook (06-01-2011)

Oil &amp Gold (XAU) tested downside support again before stabilizing just under opening levels. Overall trading with a low of USD$1363 and high of USD $1385 before ending the New York session at USD$1378 an ounce. Reclaimed $90 on strong US data as sentiment remains bullish. WTI Oil Closed +$1.20 at $90.50 a barrel.

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