- Analytics
- News and Tools
- Market News
- Gold Futures: Extra advance in the pipeline
Gold Futures: Extra advance in the pipeline
Open interest in gold futures markets resumed the uptrend and went up by more than 9K contracts on Wednesday according to flash data from CME Group. Volume, instead, shrank for the third session in a row, now by around 74.7K contracts.
Gold looks for a test of $1,900
Gold prices reversed Tuesday’s strong pullback and resumed the upside on Wednesday, revisiting the $1,870 area per ounce troy amidst increasing open interest. That said, the continuation of the uptrend to, initially, the $1,900 mark remains a palpable possibility in the very near term.
© 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
