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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.

Gold price and oil price both higher in early trading

Gold’s retracement has run its course, with the price moving higher once again. Meanwhile, oil prices are moving up as well.

Source: Bloomberg

Gold resumes its march higher

It looks like the next move higher in gold is finally here. After finding support around $1915 the price has made steady gains, breaking through trendline resistance and pushing back towards $2000. Further gains target the August peak at $2070. Intraday higher lows should be viewed as possible buying opportunities, while a more bearish view requires a substantial reversal that pushes the price back below $1910.

Source: ProRealTime

WTI edges up once more

The steady drift higher in WTI continues, with the price continuing to consolidate above $43. Further gains above $43.50 create a higher high, and continue to reinforce the uptrend.

Source: ProRealTime

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