XAU Trading Outlook (06-06-2011)

Oil &amp Gold (XAU) surged on the weak Non Farm numbers breaking above $1540 and closing on a strong footing. Overall trading with a low of USD$1524 and high of USD $1547 before ending the New York session at USD$1541 an ounce. Oil was able to shrug off sharp losses after the US job numbers missed. WTI Oil Closed -0.18 at $100.22 a barrel.

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