Excerpt from: CFDs & Spread Bets
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| December 23, 2009 | | Spread bets and CFDs on gold prices | Spread betting and contracts for differences on commodities should consider that gold is falling. Gold prices continue to move lower on optimism that U.S. fundamentals are improving and economic recovery is on the way.
Marketwatch reports on today's gold prices in commodities trading:
"Trade has been thinner than normal overnight, with Japanese players
absent for a national holiday," said James Moore, an analyst at
TheBullionDesk.com, in a note to clients.
"In the run-up to year-end, we expect gold to see further pockets of
long liquidation, potentially pulling back to the $1,050 area," Moore
said.
Gold is significantly below the $1,100 mark, sitting at around $1,087. This recent turn of events, with the U.S. stock market on the rise, along with the U.S. dollar, is putting pressure on gold prices as investors look for riskier investments. Some gold bugs hope that there will be a gold play on inflation as recovery heats up, but so far inflation has remained relatively staid.
| Topic Tags: CFDs, commodities trading, contracts for differences, gold prices, spread bets, spread betting, stock market, U.S. dollar | |
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