Excerpt from: CFDs & Spread Bets
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| May 06, 2008 | | Spread bets on gold | Financial spread betting strategy on gold prices should keep in mind that the precious metal often moves inversely to the US dollar. With the US dollar struggling in forex trading, gold is often used as a hedge.
Additionally, gold prices are also being supported by rising oil prices. When placing spread bets on gold, keep in mind that it has the potential to rally further (although that is never certain).
| Topic Tags: financial spread betting, forex trading, placing spread bets, rising oil prices, spread bets gold, spread betting, spread betting gold prices, US dollar | |
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