XAU Trading Outlook (01-03-2011)

Oil &amp Gold (XAU) Gold surged to record highs on renewed Oil spikes and concern that revolutions will spread. Overall trading with a low of USD$1409 and high of USD $1435 before ending the New York session at USD$1430 an ounce. Oil resurged on news that Iran demonstrators had been arrested. WTI Oil Closed +$2.92 at $99.90 a barrel.

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