- Analytics
- News and Tools
- Market News
- Gold Futures: Rally remains intact for the time being
Gold Futures: Rally remains intact for the time being
CME Group’s flash data for gold futures markets noted traders reduced their open interest positions by nearly 14K contracts on Monday. Volume, on the other hand, increased for the second session in a row, this time by around 152.2K contracts.
Gold targets the next up-barrier at $2150
Gold prices rose to a new all-time high around $2150 per troy ounce at the beginning of the week, although it ended the session with a marked retracement. The downtick, however, was accompanied by shrinking open interest, leaving the door open to the continuation of the ongoing uptrend. That said, the immediate hurdle emerges at the record peak of $2150 (December 4).
© 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
