XAU Trading Outlook (06-04-2011)

Oil &amp Gold (XAU) Gold surged on the back of the FOMC minutes reiterating the QE2 program will be continuing. Overall trading with a low of USD$1429 and high of USD $1457 before ending the New York session at USD$1453 an ounce. Oil dropped slightly but was steady above $108 a barrel. WTI Oil Closed -$0.13 at $108.35 a barrel.

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