Excerpt from: World Markets
|
 |
| February 26, 2010 | | Spread bets and CFDs on commodities | Spread betting and contracts for differences on oil prices and gold prices should consider that commodities have the upper hand today as risk appetite returns.
Upwardly revised GDP figures in Britain and in the U.S. are helping matters, as is the fact that equities in Asia and Europe have been rallying. This is increasing a mood of risk, and sending commodities higher.
Oil prices recovered from losses earlier in the session, and gold is moving higher, working to give itself plenty of room above the $1,100 level, which it dropped below briefly earlier this week.
| Topic Tags: CFDs, commodities, contracts for differences, GDP, gold prices, oil prices, spread bets, spread betting, U.S. dollar | |
|
|
