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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Gold price breaches November low while oil price edges dow

Gold continues its move to the downside, testing the waters below the November low, while oil prices have eased off but are holding steady overall.

Gold falls yet further

After reversing at $1815 at the beginning of the week the losses have intensified for gold, pushing below the November low once more. Potential targets come into play around $1704 and $1670, with the sellers firmly in charge. A revival looks unlikely unless we see a move back above $1800.

WTI remains aloof from volatility

WTI prices have been little affected by the turmoil in equities, and while the price is edging lower this morning so far there appears to be little conviction in the move. $58.80 and then $57.50 become short-term targets in any move lower, but a fresh push higher could easily trump this view and put the price on course to hit $65.46, last seen in early 2020.

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