Gold Futures: Extra decline not ruled out
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Open interest in gold futures markets rose by just 375 contracts for the first time since February 2 on Monday, according to preliminary readings from CME Group. Volume, instead, shrank for the second consecutive session, this time by nearly 25K contracts.
Gold prices started the week on the defensive. Despite the small uptick in open interest, there is room for further weakness in the very near term and with the next target of note at the key $1800 region per ounce troy.
[/s2If]
Join Our Telegram Group
