Gold settled down yesterday on the back of weaker equity markets and a sharp decline in crude oil which continues to raise some questions about inflation expectations on the short term. Nevertheless, gold recovered part of the losses in late trading as the US dollar weakened thus inspiring some short covering. In addition gold investors were also booking profits with the month coming to an end. On the other hand, silver gained as participants bought the white metal for its relative cheap price compared with the price of gold.










width=534 width=600
Risk Warning: Spread betting and Contracts For Differences (CFDs) carry a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Only speculate with money you can afford to lose. Please ensure you fully understand the risks involved and seek independent advice if necessary. Any information provided does not constitute the giving of investment advice. ODL Markets is a trading name of ODL Securities Limited, 8th Floor, 10 Lower Thames Street, London EC3R 6AD which is authorised and regulated by the Financial Services Authority.