XAU Trading Outlook (12-01-2011)

Oil &amp Gold (XAU) grinded higher as the Dollar weakened and demand for the alternate currency remained strong. Overall trading with a low of USD$1372 and high of USD $1387 before ending the New York session at USD$1383 an ounce. Crude Oil surged higher as the Alaskan Pipeline remained closed and Gulf of Mexico platforms we also taken offline. WTI Oil Closed +$1.97 at $91.20 a barrel.

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