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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 price and oil price edging up in quiet trade

Both gold and oil are rising, although with US markets closed for the day it is likely to be a quiet end to the week.

Gold still targeting $1790

This uptrend shows no sign of slowing for gold, although for now the price is drifting lower from $1780.

Further gains target $1790, and we would need to see a reversal below $1760 at least to suggest that a more near-term bearish view has emerged.

Brent clambers higher

The uptrend from the mid-June low is still in place for Brent crude, although the price has yet to recover the peak from 23 June at $44.

Higher lows and higher highs over the past two weeks reinforce the bullish view, with a more bearish outlook requiring a drop below $41 and then below $40.

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