In light of preliminary readings from CME Group, open interest in Gold futures markets shrunk by around 5.6K contracts on Thursday, clinching the second drop in a row. Volume followed suit and went down by around 122.4K contracts, adding to the previous daily pullback. Gold could re-test lows near $1,860/oz Prices of the ounce troy of Gold edged higher on Thursday amidst shrinking open interest and volume. That said, further upside looks unconvincing and a potential drop and re-test of recent lows near $1,860 per ounce appears favoured 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 Forex Today: Three reasons for the greenback comeback, all eyes on retail sales FX Street 2 years In light of preliminary readings from CME Group, open interest in Gold futures markets shrunk by around 5.6K contracts on Thursday, clinching the second drop in a row. Volume followed suit and went down by around 122.4K contracts, adding to the previous daily pullback. Gold could re-test lows near $1,860/oz Prices of the ounce troy of Gold edged higher on Thursday amidst shrinking open interest and volume. That said, further upside looks unconvincing and a potential drop and re-test of recent lows near $1,860 per ounce appears favoured for the time being. 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.
