- Analytics
- News and Tools
- Market News
- Gold Futures: Scope for further recovery
Gold Futures: Scope for further recovery
Open interest in gold futures markets increased for the second session in a row on Wednesday, this time by nearly 1.3K contracts considering flash data from CME Group. In the same direction, volume went up by around 13.4K contracts.
Gold still targets the $1,800 mark
Gold prices extended the weekly rebound on Wednesday and advanced to 2-day highs. The uptick in prices of the precious metal was amidst increasing open interest and volume, allowing for the continuation of the uptrend in the very near term at least. On the upside, the next target remains at the key barrier at the $1,800 mark per ounce troy.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
