XAU Trading Outlook (17-05-2011)

Oil &amp Gold (XAU) Gold was very contained around the $1500 with a brief attempt above before pulling back. Overall trading with a low of USD$1488 and high of USD $1504 before ending the New York session at USD$1492 an ounce. Oil broke with the rest of the market falling on oversupply fears. WTI Oil Closed -$2.28 at $97.37 a barrel.

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