Home Gold Futures: Outlook remains mixed

Gold Futures: Outlook remains mixed

Published date: 21 Apr. 2020 | 08:22

Traders added around 4.5K contracts to their open interest positions in Gold futures markets on Monday, reaching the second consecutive build in light of advanced readings from CME Group. Volume, in the meantime, reversed two builds in a row and went down by around 46.5K contracts.

Gold keeps a test of 2020 highs in the limelight

Prices of the ounce troy of the precious metal started the week on a positive note. The uptick in open interest allows for the continuation of the move up in gold and opens the door to a probable visit to the YTD highs near $1,750 per ounce.

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.