Excerpt from: CFDs & Spread Bets
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| July 31, 2008 | | Spread bets on gold prices | Precious metals are doing well in commodities trading, and this should be figured into financial spread betting strategy. Spread bets on gold prices should consider that oil prices are rising, and gold often follows oil higher.
Another factor affecting gold prices is the fact that the US dollar is dropping against the euro in forex trading. Gold prices often move inversely to the US dollar performance against the euro.
Other precious metals are doing well also in commodities trading. Silver and platinum are both making solid gains today.
| Topic Tags: commodities trading, euro, euro forex trading, financial spread betting, financial spread betting strategy, gold prices, oil prices, spread bets gold prices, spread betting, spread betting strategy | |
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