FX & CFD trading involves significant risk
Oil prices in the continuous contract have moved another leg lower so that they now trade at $100.80 per barrel with a 1.4% loss. That puts oil prices more than $2 below their highs.
Natural gas has also been hit by sellers in recent trade. The energy component had been as high as $3.87 per MMBtu, but it is now down to $3.79 per MMBtu, where it trades with a 0.7% loss. Precious metals are in rough shape, too.
With participants willing to take on more risk the price of gold has dropped to a 1.6% loss at $1415 per ounce while silver slumps to a 2.0% loss at $34.11 per ounce.
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