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Excerpt from:  CFDs & Spread Bets
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August 22, 2008

Gold Prices and Financial Spread Betting Strategy

Gold prices decline as U.S. dollar gains against euro in forex trading
As the U.S. dollar gains against the euro in forex trading, gold prices are declining. Financial spread betting strategy should consider the relationship that gold has to the euro/dollar currency pair.

Gold prices often move with the euro/dollar currency pair, gaining as the euro rises in value in forex trading against the U.S. dollar. That means that with the U.S. dollar gaining today in forex trading, gold prices are declining.

However, gold prices have gained on the week, with dramatic gains yesterady as the U.S. dollar fell.
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Topic Tags:  euro/dollar, euro forex trading, financial spread betting, gold prices, gold prices financial spread betting, spread betting, spread betting strategy, U.S. dollar forex trading
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