Excerpt from:  CFDs & Spread Bets
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May 28, 2008

Financial Spread Betting Strategy: Gold Prices

Gold prices take dip today on commodities market
Financial spread betting strategy should consider that gold prices often move in tandem with oil prices.
Spread bets and CFDs on gold prices should consider that they are dropping right now. Indeed, the forecast for gold prices shows a steady decline over the next three months, according to Bloomberg:

The forecast was raised from $850, London-based analyst John Reade wrote in an e-mailed note today. The three-month forecast was raised to $850 from $800, he wrote. Gold for immediate delivery dropped $13.59 to $892.86 an ounce as of 10:24 a.m. in London.

Also, it is worth noting that oil prices are dropping on the commodities market as well. Financial spread betting strategy should consider that gold prices often move in tandem with oil prices.

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Topic Tags:  CFDs gold prices, financial spread betting, forecast gold prices, oil prices, spread bets, spread betting, spread betting gold prices, spread betting strategy

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