Excerpt from: CFDs & Spread Bets
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| October 13, 2009 | | Spread betting and contracts for differences on gold prices | Spread bets and CFDs on gold prices should consider that they are heading higher again today. Indeed, gold prices broke through another record barrier, heading to new all-time highs above $1,064 an ounce.
Gold is heading higher as it moves from a safe haven to a hedge against inflation. As the global economy begins to recover and to heat up, commodity prices -- including gold -- will rise. And gold will be attractive as a hedge against inflation. Oil prices are higher as well, approaching $74 a barrel.
Commodity currencies, such as the New Zealand dollar, are benefiting from today's turn of events and moving much higher in forex trading.
| Topic Tags: CFDs, commodities, commodities trading, contracts for differences, forex trading, gold prices, spread bets, spread bets gold prices, spread betting, spread betting commodities | |
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