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XAU Trading Outlook (03-05-2011)

Oil &amp Gold (XAU) hit fresh all time highs but then was pressured lower on the silver crash which was down over 10% at one point. Overall trading with a low of USD$1540 and high of USD $1575 before ending the New York session at USD$1546 an ounce. A $3 range underpins how dangerous the commodity has been lately with selling post bin laden death news reversed for fresh year highs in the US. The market then settled closing just above the $113 level. WTI Oil Closed -$0.41 at $113.52 a barrel.

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