XAU Trading Outlook (07-04-2011)

Oil &amp Gold (XAU) consolidated gains and tested resistance above $1460 an ounce. Overall trading with a low of USD$1451 and high of USD $1462 before ending the New York session at USD$1454 an ounce. Oil tested above $109 but fell back to more comfortable levels as gains slowed. WTI Oil Closed +$0.49 at $108.83 a barrel.

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