- Analytics
- News and Tools
- Market News
- Gold Futures: Further range bound on the cards – UOB
Gold Futures: Further range bound on the cards – UOB
According to preliminary readings from CME Group for gold futures markets, open interest resumed the upside and increased by around 5.7K contracts on Friday. Volume followed suit and rose by more than 68K contracts after two consecutive daily pullbacks.
Gold: Next on the downside comes $1,721
Gold prices charted another inconclusive session on Friday amidst rising open interest and volume, leaving the door open to the continuation of the current side-lined trading for the time being. Further decline in bullion should meet the next support at the September 2021 low at $1,721 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
