XAU Trading Outlook (11-07-2011)

Oil &amp Gold (XAU) Gold Surged with the alternative currency finished a stellar week up $40 an ounce. Overall trading with a low of USD$1525 and high of USD $1545 before ending the New York session at USD$1544 an ounce. Was sold heavily on concerns the US economy was not creating jobs and thus consumers as fast as forecast. WTI Oil Closed -$2.47 at $96.20 a barrel.

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