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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 rebound slows as Brent crude tops $75

Monday’s bounce in gold has fizzled out for now, while Brent crude is continuing to make gains, moving above $75.

Source: Bloomberg

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Publication date

Gold

The buyers gained a brief respite yesterday but it is not yet clear whether they can sound the ‘all clear’. If the gold price can move back above $1800 that will help reinforce the bullish view. Sellers will want to get the price back below $1765 to open the way to $1740 and then $1685.

Source: ProRealTime

Brent

Oil seems unstoppable at present, with the price rallying over the past two days and shrugging off the brief weakness of last week. Above $74.86 the $88 level becomes the next medium-term goal, while the elevated stochastic and moving average convergence divergence (MACD) readings continue to signal strong momentum to the upside.

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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