Excerpt from: CFDs & Spread Bets
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| March 25, 2010 | | Spread betting and contracts for differences on gold prices | Spread bets and CFDs on commodities should consider that gold prices are ticking higher today. Recent dollar strength, due in large part to problems in European countries, has kept gold prices in check, since they normally move inversely to the U.S. dollar.
This morning, though, with U.S. stock futures pointing to a higher open, and hopes for a plan to deal with European debt, the U.S. dollar is a little bit lower. And that is providing some help to gold prices, which are moving higher.
Oil prices are also higher, on the hopes that the global economy might move out of recession. If U.S. jobs data is positive, and if Europe can find help for Greece, things should be back on track.
| Topic Tags: CFDs, commodities, commodities trading, contracts for differences, gold prices, spread bets, spread betting, U.S. dollar | |
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