XAU Trading Outlook (04-04-2011)

Oil &amp Gold (XAU) Gold fell sharply at the start of the US session on the view central banks were moving more towards an inflation fighting stance. Overall trading with a low of USD$1420 and high of USD $1439 before ending the New York session at USD$1431 an ounce. Oil pushed another leg higher with the Libyan civil war continuing to provide support for the uptrend. WTI Oil Closed +$2.36 at $106.60 a barrel.

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