XAU Trading Outlook (10-05-2011)

Oil &amp Gold (XAU) was well supported throughout the day as silver bounced aggressively. Overall trading with a low of USD$1493 and high of USD $1514 before ending the New York session at USD$1513 an ounce. Oil was bought from the open to rally back above $100 and surge to $103 before easing back in aggressive move. WTI Oil Closed +$5.37 at $102.55 a barrel.

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