XAU Trading Outlook (13-07-2011)

Oil &amp Gold (XAU) was supported on FOMC QE3 talk and the Ireland Rating Downgrade. Overall trading with a low of USD$1540 and high of USD $1573 before ending the New York session at USD$1566 an ounce. Was able to ignore Global risk aversion as Middle Eastern turmoil trumped and inspired a rally. WTI Oil Closed +$1.90 at $96.80 a barrel.

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