XAU Trading Outlook (06-07-2011)

Oil &amp Gold (XAU) Gold rallied with Oil after putting in a base of support under $1500. Overall trading with a low of USD$1493 and high of USD $1517 before ending the New York session at USD$1513 an ounce. Oil popped to $97 with bulls back in control. WTI Oil Closed +$1.95 at $96.89 a barrel.

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