In light of preliminary readings for Gold futures markets from CME Group, traders scaled back their open interest positions for yet another day on Monday, this time by around 8.7K contracts. On the opposite side, volume rose by almost 19.2K contracts, partially offsetting the previous drop. Gold met support near $1,450/oz Prices of the ounce troy of the precious metal dropped and rebounded from fresh yearly lows in the vicinity of $1,450 on Monday. The move was on the back of declining open interest, which should remove some tailwinds from the idea of a deeper retracement, at least in the near-term and in light of the current oversold condition of gold. 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 EUR/USD: The US dollar finds support and caps gains FX Street 2 years In light of preliminary readings for Gold futures markets from CME Group, traders scaled back their open interest positions for yet another day on Monday, this time by around 8.7K contracts. On the opposite side, volume rose by almost 19.2K contracts, partially offsetting the previous drop. Gold met support near $1,450/oz Prices of the ounce troy of the precious metal dropped and rebounded from fresh yearly lows in the vicinity of $1,450 on Monday. The move was on the back of declining open interest, which should remove some tailwinds from the idea of a deeper retracement, at least in the… 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.
