Gold Futures: Rebound Could Extend Further Gold: Next on the upside comes $2000

Image Source: PixabayOpen interest in gold futures markets increased by around 3.2K contracts following the previous daily drop on Monday, according to preliminary readings from CME Group. Volume followed suit and kept the erratic performance, this time rising by more than 63K contracts.Gold: Next on the upside comes $2000Monday’s bounce in gold prices off the $1965 level was accompanied by rising open interest and volume and suggests that further recovery appears in store for the yellow metal in the very near term. That said, the next up-barrier remains at the key $2000 mark per troy ounce.More By This Author:EUR/USD Price Analysis: Above 1.0945 Comes 1.1000 Gold Futures: Further Consolidation On The Cards Crude Oil Futures: Further Recovery Not Favored


  • Total Score 0%
User rating: 0.00% ( 0
votes )

Leave a Reply

Your email address will not be published. Required fields are marked *