XAU Trading Outlook (13-06-2011)

Oil &amp Gold (XAU) Gold slumped the most in a month on heavy long liquidations. USD strength and failure to break above $1550 the main catalyst. Overall trading with a low of USD$1526 and high of USD $1545 before ending the New York session at USD$1531 an ounce. Oil was not immune to the big pull backs in other markets falling sharply through $100 a barrel. WTI Oil Closed -2.30 at $99.50 a barrel.

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