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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.

Gold stumbles while oil pushes higher

Oil is surging towards the 2021 highs again, but gold is struggling following the unsuccessful attempt to break higher yesterday.

Source: Bloomberg

Gold

Gold's attempt to push higher yesterday hit resistance just below $1800, mirroring the resistance encountered around this level in several previous sessions. The pushback has continued this morning, although for now a move below $1760 has yet to occur, leaving the price in the consolidation period that has prevailed over the past three weeks.

Source: ProRealTime

WTI

The price continues to climb, recovering almost all the ground lost in the March pullback towards $57.70. The bullish momentum has revived, with little in the way of weakness in recent sessions, and even Friday’s small drop proved to be merely another opportunity for the buyers.

Source: ProRealTime

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1In the case of all DFBs, there is a fixed expiry at some point in the future.

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Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

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