XAU Trading Outlook (12-04-2011)

Oil &amp Gold (XAU) fell nearly $20 as the precious metal was not immune to market wide profit taking. Overall trading with a low of USD$1459 and high of USD $1476 before ending the New York session at USD$1462 an ounce. Oil Slumped to $108 a barrel on talk of Libyan Cease fire. WTI Oil Closed +$2.49 at $112.80 a barrel.

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