XAU Trading Outlook (02-02-2011)

Oil &amp Gold (XAU) fell back on easing middle east contagion fears and safe haven demand. Overall trading with a low of USD$1323 and high of USD $1346 before ending the New York session at USD$1333 an ounce. Crude Oil surged for a second day with the potential for Egyptian supply disruptions enough to push another $2 barrel higher. WTI Oil Closed +$2.70 at $92.05 a barrel.

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