Excerpt from: World Markets
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| December 29, 2008 | | Gold prices gain on Mideast violence | Contracts for differences on gold prices should consider that rising oil prices are helping gold higher in commodities trading. Mideast violence, started with an Israeli attack on Hamas-controlled Gaza over the weekend, is causing oil prices to move higher.
Gold often moves with oil prices (and inversely to the U.S. dollar in forex trading), and gold market CFDs should take this into consideration. FX Street reports on Mideast violence and gold prices:
"[Gold is] pushing higher due to increased geopolitical risk in the
Middle East," writes Manqoba Madinane at Standard Bank in Jo'burg,
pointing to Israel's rocket attacks on the Gaza Strip. | Topic Tags: CFDs, contracts for differences, contracts gold, forex trading, gold market CFDs, Mideast violence, oil prices, U.S. dollar | |
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