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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 edges up while oil holds steady

Gold is attempting to recover from last week’s losses, while oil is targeting new gains once more.

Source: Bloomberg

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Publication date

Gold

Gold's steep drop seems to have stalled for now, bouncing from $1765, with $1800 in sight where the price stalled on Friday. A move above here helps to reinforce the impression of a higher low on the daily chart. A reversal back below $1760 renews the bearish view and hands the initiative back to the sellers.

Source: ProRealTime

WTI

Unlike many other markets, oil closed out last week with only small losses. A move back above $72 now seems likely as new three-year highs come into play, now that the buyers have managed to hold the price above $70.

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. 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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