Spread Betting on Gold

158732 Resource 133523 120646 120646 1171376772114 1171376772114 Controlled Dollar Weakness Boosts Gold Prices

Financial spread betting strategy: favour gold for now

Favouring gold for now may be a good financial spread betting strategy as it rebounds in New York on the fact that the U.S. dollar is declining against the Euro on the FX market. <a href="http://www.bloomberg.com/apps/news?pid=20601012&sid=an7cgx4vWP08&refer=commodities" target="_blank" title="placing spread bets, spread bets, spread bets gold, financial spread betting strategy, financial spread betting, spread betting, spread bett strategy, dollar weakness" style="font-family: verdana,arial,helvetica,sans-serif;">Placing spread bets on gold prices should consider this information from Bloomberg</a>: <div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"> Gold generally moves in the opposite direction of the dollar, which fell against the euro on speculation Europe will raise interest rates faster than the U.S. Gold gained 23 percent last year, while the dollar fell 10 percent against the euro. ``We're seeing some real weakness in the dollar, and that makes me very bullish on gold,'' said Matt McKinney, a commodity broker at Infinity Brokerage Services in Chicago. ``I'm looking for gold to catapult to $700 within three months.''</div> 9 application/xml false dollar weakness financial spread betting financial spread betting strategy placing spread bets spread bets spread bets gold spread bett strategy spread betting Spread Betting on Gold Placing spread bets on gold and on the U.S. dollar http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.9) Gecko/20061206 Firefox/1.5.0.9 127.0.0.1 127.0.0.1 mmarquit false true false false true 133523 blog blogsite/GFTUK/web