- Analytics
- News and Tools
- Market News
- Gold Futures: Extra upside likely
Gold Futures: Extra upside likely
CME Group’s flash data for gold futures markets noted open interest extended the uptrend for yet another session on Monday, this time by around 1.6K contracts. In the same line, volume rose for the second session in a row, now by around 39.2K contracts.
Gold now looks to $2000
Gold prices added to the ongoing recovery on Monday amidst rising open interest and volume. That said, there is scope for the continuation of the upside in the very near term and with the key target emerging at the $2,000 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
