XAU Trading Outlook (09-02-2011)

Oil &amp Gold (XAU) broke higher as the path of least resistance remains to the topside. Overall trading with a low of USD$1348 and high of USD $1368 before ending the New York session at USD$1363 an ounce. Continued to fall for a third day but bounced strongly off the $86 level. WTI Oil Closed -$0.44 at $87.04 a barrel.

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