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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 69% 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 edges up as oil moves up from higher low

Gold prices have edged higher while oil is still firmly in an uptrend.

Source: Bloomberg

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Publication date

Gold

Gold has picked itself up after the savage drop of the past two weeks, with a brief respite above $1765. The small bounce has a long way to go before we can be sure a new move back upwards is firmly underway, as at present this looks like an oversold rebound. These can go quite far, but buyers will likely be cautious after the last few sessions.

Source: ProRealTime

WTI

Having clocked up a new higher high at the beginning of the week the price has faded, but a higher low looks to be in the offing, which will leave the price primed for further gains. It would take a drop back below $68.50 to suggest a more bearish short-term view is developing.

Source: ProRealTime

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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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