XAU Trading Outlook (03-03-2011)

Oil &amp Gold (XAU) traded at fresh record highs before consolidating. Overall trading with a low of USD$1427 and high of USD $1441 before ending the New York session at USD$1433 an ounce. Oil surged higher on news that Libyan planes had bombs rebels in an Oil Factory. WTI Oil Closed +$2.70 at $102.34 a barrel.

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