XAU Trading Outlook (03-02-2011)

Oil &amp Gold (XAU) struggled to make any gains and fell back towards the bottom end of its recent range finding support under $1330 . Overall trading with a low of USD$1326 and high of USD $1343 before ending the New York session at USD$1333 an ounce. Was well supported as the Egypt violence flared up causing supply concerns. WTI Oil Closed +$0.25 at $90.90 a barrel.

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