XAU Trading Outlook (05-07-2011)

Oil &amp Gold (XAU) Gold grinded higher for most of the day towards the key $1500 level. Overall trading with a low of USD$1489 and high of USD $1597 before ending the New York session at USD$1496 an ounce. Oil did very little with the US traders away. WTI Oil Closed +$0.06 at $95.05 a barrel.

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