Excerpt from: Financial Spread Betting Strategies
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| February 05, 2008 | | US dollar affects oil and gold prices | In financial spread betting strategy, it is important to remember that the US dollar affects gold and oil prices. When the US dollar is on the rise, as it is now, oil and gold prices often drop in commodities trading. Gold is less attractive as a safe haven investment in such cases. MarketWatch reports on the US dollar and gold and oil prices:
With the dollar on the ascendant, gold futures for April delivery fell
about $16 an ounce. Crude-oil futures fell 79 cents a barrel. | | |
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