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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’s gains stall as oil keeps on rallying

Gold has struggled to make further headway, while oil prices are still firmly in an uptrend.

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Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Publication date

Gold

Gold's bounce, such as it was, has firmly stalled and is now at a risk of a turn lower. Gains yesterday and on Monday faltered below $1790, and have been unable to recover the Friday high at $1794. The buyers have managed to avoid a decline through Friday’s low, but need a bounce above $1800 to restore a more bullish view, or a new drop below $1760 could develop.

Source: ProRealTime

WTI

Oil remains on a high, having bounced over the past week. A new higher high leaves the uptrend firmly intact, and points towards further upside. Sellers will need to push the price back below $70 to suggest a more bearish view is developing.

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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