Gold Futures: Further upside on the cards
|Open interest in Gold futures markets rose for the fourth consecutive session on Friday, this time by around 23.7K contracts according to flash data from CME Group. Volume, in the same line, increased for the second straight session, now by almost 33.4K contracts.
Gold now targets $1,765/oz
Gold extended the recovery on Friday amidst rising open interest and volume, therefore opening the door to the continuation of the move up to, initially, the 2020 highs in the $1,760/65 band per ounce in the near-term.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.