In light of preliminary data for gold futures markets from CME Group, open interest and volume retreated by nearly 6.1K contracts and by 32.7K contracts, respectively, on Friday. Gold still capped around $1,650/oz Friday’s advance in the ounce troy of gold was amidst shrinking open interest and volume, showing that the move was mainly sponsored by short covering. That said, some correction lower appears on the cards while the upside remains capped by the $1,650 area for the time being. 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 AUD/USD clings to modest gains, lacks follow-through beyond mid-0.6000s FX Street 2 years In light of preliminary data for gold futures markets from CME Group, open interest and volume retreated by nearly 6.1K contracts and by 32.7K contracts, respectively, on Friday. Gold still capped around $1,650/oz Friday’s advance in the ounce troy of gold was amidst shrinking open interest and volume, showing that the move was mainly sponsored by short covering. That said, some correction lower appears on the cards while the upside remains capped by the $1,650 area for the time being. Top 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.
