- Analytics
- News and Tools
- Market News
- Gold Futures: Recovery looks limited
Gold Futures: Recovery looks limited
Open interest in gold futures markets shrank for the third session in a row on Monday, this time by around 7.5K contracts according to preliminary readings from CME Group. Volume followed suit and dropped markedly by more than 152K contracts after four daily builds in a row.
Gold: Decent support emerges around $1860
Gold prices started the week with modest gains. Monday’s uptick, however, was on the back of diminishing open interest and volume leaving the current recovery somewhat limited. In the meantime, the yellow metal looks well supported around the $1860 region.
© 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
