Spread Bets on Gold Prices

246088 Resource 133520 120646 120646 1259157671650 1259157671650 Controlled Is Gold $1,200 on the Way?

Spread bets and CFDs on gold prices

Spread betting and contracts for differences on commodities should consider that gold prices continue to climb every higher. Even yesterday's <a href="item/245914" target="_blank" title="U.S. dollar, gold prices, commodities, spread bets, CFDs, spread betting, contracts for differences, gold 1200">brief support for the U.S. dollar</a> didn't arrest gold's climb by very much. And gold is again moving higher today. One of the catalysts today is the fact that India has indicated that it might buy more gold bullion from the International Monetary Fund. The idea that gold could become more scarce, is helping to drive gold prices higher. Of course, a weak dollar is helping as well, reports <a href="http://money.cnn.com/2009/11/25/markets/gold.reut/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29&utm_content=Google+Reader" target="_blank" title="U.S. dollar, gold prices, commodities, spread bets, CFDs, spread betting, contracts for differences, gold 1200">CNN Money</a>: <blockquote> "This, and the weaker U.S. dollar, are enough in these markets to push gold further up," said Commerzbank trader Michael Kempinski. "It should be time for a consolidation, but it doesn't come... (we are) just making new highs." "We see $1,200 earlier than expected," he added. </blockquote> Since gold often moves inversely to the U.S. dollar, it is little surprise to see gold prices surging upward again as the greenback shows weakness. 9 application/xml false CFDs commodities contracts for differences gold 1200 gold prices spread bets spread betting U.S. dollar Spread Bets on Gold Prices Spread betting on commodities http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.1.5) Gecko/20091102 Firefox/3.5.5 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 133520 blog blogsite/GFTUK/web