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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Gold and Brent crude diverge as traders seek out havens

Gold has gained ground as haven demand grows, while Brent crude continues its decline to hit a fresh three-month low.

Source: Bloomberg

Gold pushes higher once more, following pullback into support

Gold has surged in early trade, following the recent pullback into trendline and 76.4% Fibonacci support. The short-term intraday uptrend remains intact given the fact that price did not fall below the $1881 lows from Wednesday. That points towards further upside coming into play, with a bullish short-term outlook remaining unless we see the $1890 support level taken out.

Source: ProRealTime

Brent crude slides into three-month low

Brent crude has tumbled into a fresh three-month low in early trade today, with that tentative move below the September low of $39.52 failing to last long. We are seeing a push higher in the hours since, with price rising into another likely retracement. As such, whether we see short-term upside or not, a bearish outlook is in place unless we break through the $41.10 resistance level.

Source: ProRealTime

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