XAU Trading Outlook (01-07-2011)

Oil &amp Gold (XAU) Gold Pulled back to the magnetic $1500 level as further gains failed to materialize. Overall trading with a low of USD$1498 and high of USD $1514 before ending the New York session at USD$1500 an ounce. Oil made small gains breaking above the $95 level in a positive technical development. WTI Oil Closed +$0.65 at $95.40 a barrel.

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