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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 price claws back losses as oil price keeps rising

Gold continues to recover the ground lost earlier in the month, while oil prices have resumed their rally.

Source: Bloomberg

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Publication date

Gold rebound continues

The gold price has made impressive gains since the start of the week, rallying from a one-month low and helping to recover the losses from earlier in the month. Gains last week stalled at $1860, so the price needs to clear this level to build a more positive view. A reversal from below this area will amplify the bearish view and bring another test of $1810 into view.

Source: ProRealTime

WTI moves higher again

Oil prices have resumed their upward march after Friday’s weakness, and WTI is back on course to recover last week’s highs at $54. Hopes of renewed losses have been dashed after the bounce from $52, with sellers once again shut out of this market for the time being.

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.

Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.

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