- Analytics
- News and Tools
- Market News
- Gold Futures: Still room for further upside
Gold Futures: Still room for further upside
CME Group’s flash data for gold futures markets noted open interest extended the uptrend for the sixth session in a row on Thursday, this time by around 14.2K contracts. Volume, instead, reversed two consecutive daily builds and shrank by nearly 180K contracts.
Gold continues to target the YTD peak past $1,900
Gold advanced for the sixth straight session on Thursday, extending the rally well past the key $1,800 mark per ounce troy. The strong advance was supported by rising open interest, which leaves the door open for the continuation of the uptrend in the very near term. That said, the next target of note comes at the 2021 high around $1,916 (June 1).
© 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
