- Analytics
- News and Tools
- Market News
- Gold Futures: Further consolidation remains in store
Gold Futures: Further consolidation remains in store
CME Group’s flash data for gold futures markets noted open interest rose by 838 contracts on Thursday, partially reversing the previous day’s drop. Volume followed suit and went up by around 6.6K contracts.
Gold: Next on the downside emerges $1,680
Gold prices charted modest losses on Thursday amidst the broader multi-session consolidative phase. The daily downtick was on the back of increasing open interest and volume, which suggests that further decline is favoured with the immediate target at the 2022 low at $1,680 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
