Gold Futures: Scope for further decline

Open interest in gold futures markets rose by around 2.5K contracts on Thursday, reversing the previous pullback according to advanced prints from CME  |  24/06/2022 06:38

Open interest in gold futures markets rose by around 2.5K contracts on Thursday, reversing the previous pullback according to advanced prints from CME Group. In the same line, volume extended the choppy mood and went up by around 16.4K contracts.

Gold now looks to $1,800

Thursday’s decent pullback in gold prices was on the back of increasing open interest and volume, opening the door to extra losses in the very near term. Against that, the precious metal could attempt a move to the key $1,800 mark per ounce troy.

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com