XAU Trading Outlook (09-06-2011)

Oil &amp Gold (XAU) Gold came under profiting taking pressure falling through $1540 support. Overall trading with a low of USD$1530 and high of USD $1546 before ending the New York session at USD$1536 an ounce. Oil surged on the back of disagreements in the OPEC meeting about raising output to lower the Price. WTI Oil Closed +2.20 at $101.30 a barrel.

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