Excerpt from: CFDs & Spread Bets
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| July 15, 2009 | | Spread bets and CFDs on commodities | Spread betting and contracts for differences on gold prices and oil prices should consider that they are heading higher in commodities trading.
Sentiment is running positive today, thanks to more upbeat earnings reports. U.S. stock futures are higher, and a positive open is expected on Wall Street today. This means that commodities are doing well on the assumption that the economy could recover at some point. At the very least, there is hope that the recession might be drawing to a close.
Commodities do well in a state of global trade. When demand is up, commodities prices rise. The recession has stymied demand, but now that it might be coming to a close, speculators feel that commodities could become popular again. As a result, gold prices are back above $930 an ounce, and oil prices are back above $60 a barrel.
| Topic Tags: CFDs, commodities trading, contracts for differences, gold prices, oil prices, spread bets, spread bets commodities, spread betting, spread betting gold, U.S. stock futures | |
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