Gold Futures: Further losses not favoured

Pablo Piovano FXStreet

Open interest in gold futures markets shrank by just 702 contracts on Friday according to preliminary readings from CME Group. Volume followed suit and dropped by around 64.3K contracts after two consecutive daily builds.

Gold: Further consolidation remains on the cards

Friday’s small downtick in gold prices was on the back of diminishing open interest and volume. That said, extra decline appears unlikely for the time being, leaving the yellow metal exposed to the continuation of the current consolidative fashion. Against that, the metal appears decently supported around the $1930 region per ounce troy so far.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold rebounds ahead of US ADP, will it last?

Gold finds renewed Asian bids and retests $5,230 early Wednesday after the heavy sell-off on Tuesday. The US Dollar stands tall amid escalating Middle East tensions and reduced dovish Fed expectations. Gold defends $5,000 or 50% Fibo level after facing rejection at the 78.6% Fibo resistance at $5,342 amid bullish RSI.