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Traders added nearly 12.6K contracts to their open interest positions in Gold futures markets on Thursday, according to flash data from CME Group. Volume, in the same line, resumed the upside and increased by around 106.7K contracts.

Gold seen re-visiting $1,700/oz (and above)

Prices of the ounce troy of the precious metal extended the upbeat momentum on Thursday amidst increasing open interest and volume. That said, the door is now open for gold to challenge YTD highs beyond the $1,700 mark per ounce and beyond.