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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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. 68% 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.

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Gold and oil both on the up once again

Gold has renewed its move towards $1820, while oil prices are still targeting new highs.

Source: Bloomberg

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Publication date

Gold

The price is making another push towards $1820, as it seeks to renew the move higher after stalling in recent days.

A close above $1820 would help revive the bullish view, since the loss of momentum had begun to point towards a drop below $1790 as an increasingly-likely outcome.

Source: ProRealTime

WTI

Oil continues to shrug off any weakness, and is looking to make new gains towards last week’s highs.

Having found its footing last week after two days of losses, the bullish trend above $70 has recovered remarkably quickly.

Source: ProRealTime

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1In the case of all DFBs, there is a fixed expiry at some point in the future.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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. 

Professional clients trading spread bets and CFDs can lose more than they deposit.

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