Gold Futures: Extra losses appear on the cards

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Open interest in gold futures markets rose for the fourth session in a row on Thursday, this time by just 665 contracts according to preliminary readings from CME Group. Volume followed suit and advanced for the third straight session, now by around 49.2K contracts.

Gold prices added to the corrective decline on Thursday amidst increasing open interest and volume, paving the way for further retracement in the very near term and with the next target of note at the key $2000 mark per ounce troy.

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