XAU Trading Outlook (07-06-2011)

Oil &amp Gold (XAU) moved another level higher testing above $1550 before falling back late in the day. Overall trading with a low of USD$1540 and high of USD $1553 before ending the New York session at USD$1544 an ounce. Oil fell back under $99 on concerns about global demand. WTI Oil Closed -1.21 at $99.01 a barrel.

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