Market news
20.05.2022, 05:10

Gold Futures: Extra gains lack strength

Considering preliminary readings from CME Group for gold futures markets, open interest extended the downtrend and shrank by around 2.4K contracts on Thursday. Volume, instead, rose for the second session in a row, this time by around 25.5K contracts.

Gold capped by $1850

Thursday’s strong gains in gold prices was on the back of shrinking open interest, hinting at the idea that further rebound appears not favoured in the very near term at least. That said, the $1850 area per ounce troy emerges as the initial hurdle for the time being.

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location