Gold Futures: Extra gains appear in store
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Considering advanced prints from CME Group for gold futures markets, open interest resumed the upside and went up by around 6.2K contracts on Monday, this time by around 6.2K contracts. Volume, instead, shrank for the second session in a row, now by around 90.7K contracts.
Gold prices started the week on a positive foot and revisited the $2020 region. The uptick was amidst rising open interest, which suggests that extra gains appear favourable in the very near term. Against that, the next target of note for bulls remains at the 2023 high at $2067 (May 4).
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