252167 Resource 133520 120646 120646 1268142010911 1268142010911 Controlled Chinese Comments Help Send Gold Lower in Commodities Trading

Spread bets and CFDs on gold prices

<p><font size="2" face="verdana,arial,helvetica,sans-serif">Gold prices are lower today in <b>commodities trading</b>, thanks to dollar strength and <a href="item/252166" target="_blank" title="spread bets, CFDs, gold prices, spread betting, contracts for differences, commodities, U.S. dollar">comments made by Chinese officials</a>. Spread betting and contracts for differences should consider the effects of comments made by Chinese officials with regard to foreign reserves.</font></p> <p><font size="2" face="verdana,arial,helvetica,sans-serif">Even though China has upped its holdings of gold in recent years, the country still claims to rely heavily on a diverse portfolio in <b>U.S. dollar</b>, euro, and yen assets, and that the strategy of holding U.S. Treasuries still makes the most sense.</font></p> <p> <font size="2" face="verdana,arial,helvetica,sans-serif">What was really damaging to <a href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/china%27s-comments-will-haunt-gold-buyers-20100309108399/" target="_blank" title="spread bets, CFDs, gold prices, spread betting, contracts for differences, commodities, U.S. dollar">gold prices</a>, though, was the fact that one Chinese official said that <b>gold did not provide a solid rate of return in the last 30 years</b>, and that gold purchases could hurt Chinese consumers anyway if gold actually did appreciate.</font></p> 9 application/xml false CFDs commodities contracts for differences gold prices spread bets spread betting U.S. dollar 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:1.9.1.8) Gecko/20100202 Firefox/3.5.8 GTB6 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 133520 blog blogsite/GFTUK/web