XAU Trading Outlook (01-04-2011)

Oil &amp Gold (XAU) moved higher tracking Oil and taking advantage of the weaker USD. 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 surged to a multi year highs above $106.50. WTI Oil Closed +$2.36 at $106.60 a barrel.

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