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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 struggles around $1900 as oil rallies again

Gold’s bounce has slowed while oil prices are continuing to move higher.

Source: Bloomberg

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Publication date

Gold

After breaking higher yesterday gold's bounce has stalled for now at $1900, where gains at the beginning of the week ran out of steam. A renewed drop targets $1875 and then $1865, while further gains above $1905 will open the way to $1915.

Source: ProRealTime

WTI

As has happened so often in the past month, there seems to be no stopping oil which shrugged off some headline/algo-driven volatility yesterday afternoon to push back towards the peak from earlier in the week. A fresh move higher now seems to be underway, which will take out this week’s high in due course.

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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