Open interest in Gold futures markets dropped by almost 20K contracts on Friday, prolonging the inconclusive performance according to advanced readings from CME Group. Volume, instead, rose for the second session in a row, this time by around 351.6K contracts, the largest single-day build since January 8th. Gold could still test $1,700/oz Prices of the ounce troy of gold are alternating gains with losses at the beginning of the week. Unclear trend in open interest leaves the scenario neutral in the short-term horizon, although the massive increase in volume favour the continuation of the uptrend. That said, the precious metal could still reach the $1,700 barrier in the next weeks. FX Street 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 Post By FX Street FXStreet News share Read Next GBP/USD now targets 1.3200 in the next weeks – UOB FX Street 2 years Open interest in Gold futures markets dropped by almost 20K contracts on Friday, prolonging the inconclusive performance according to advanced readings from CME Group. Volume, instead, rose for the second session in a row, this time by around 351.6K contracts, the largest single-day build since January 8th. Gold could still test $1,700/oz Prices of the ounce troy of gold are alternating gains with losses at the beginning of the week. Unclear trend in open interest leaves the scenario neutral in the short-term horizon, although the massive increase in volume favour the continuation of the uptrend. That said, the precious metal… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
