Gold Futures: Rally appears unabated

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Considering advanced prints from CME Group for gold futures markets, open interest went up for the third session in a row on Monday, this time by around 6.2K contracts. Volume followed suit and rose by around 34.2K contracts, keeping the erratic activity well in place for yet another session.

Gold prices started the week in a positive fashion amidst rising open interest and volume. Against that, the likelihood of further gains remains well in place and with the next hurdle of relevance at the key $2000 mark per ounce troy.

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