XAU Trading Outlook (15-06-2011)

Oil &amp Gold (XAU) found support and took advantage of the USD weakness to bounce above $1520. Overall trading with a low of USD$1511 and high of USD $1527 before ending the New York session at USD$1525 an ounce. Oil rallied sharply after heavy selling in the last 3 days. WTI Oil Closed +2.34 at $99.64 a barrel.

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