XAU Trading Outlook (11-05-2011)

Oil &amp Gold (XAU) crept higher with buyers still looking to hedge against inflation and a weak USD. Overall trading with a low of USD$1505 and high of USD $1520 before ending the New York session at USD$1517 an ounce. The uptrend continued with a pull back to $100 provided a platform to launch above $103. WTI Oil Closed +$1.33 at $103.88 a barrel.

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