XAU Trading Outlook (16-06-2011)

Oil &amp Gold (XAU) was well supported on sovereign default fears testing above $1530. Overall trading with a low of USD$1513 and high of USD $1535 before ending the New York session at USD$1529 an ounce. Oil crash breaking key support at $98 and continuing to test $95 by the end of the day. WTI Oil Closed -4.30 at $95.30 a barrel.

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