CME Group’s flash data for gold futures markets noted traders reduced their open interest positions by around 5.2K contracts at the beginning of the w
eek, reversing the previous daily build. Volume followed suit and shrank by nearly 150K contracts.
Gold faces decent support around $1900 Monday’s downtick in gold prices was on the back of shrinking open interest and volume, which removes strength from a potential deeper pullback in the very near term. Against that, the yellow metal is expected to meet firm contention around the $1900 region per troy ounce.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Futures: Further gains on the cardsOpen interest in gold futures markets resumed the uptrend and went up by more than 6K contracts on Friday according to preliminary readings from CME G
Read more »
US Dollar Maintains Uptrend as Gold, Oil Price Volatility Surges: What's Next?Market Overview Analysis by Investing.com (Günay Caymaz) covering: XAU/USD, US Dollar Index Futures, Gold Futures, Crude Oil WTI Futures. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »
Crude Oil Futures: Corrective move in the offing?CME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions for the second session in a row on Monday
Read more »
Gold skids, but holds above $1 900 as Israel-Hamas war ragesGold slid on Monday pressured by technical selling, following a fierce 3% rally in the previous session, as raging Israel-Hamas war sent investors scuttling to the safe-haven bullion and pushed prices above the key $1 900 ceiling. Spot gold dipped 0.9% to $1 913.59 per ounce by 06:12 GMT and US gold futures dropped 0.8% to $1 926.80.
Read more »
Natural Gas Futures: Further losses in the pipelineConsidering advanced prints from CME Group for natural gas futures markets, open interest increased for the third consecutive session on Friday, this
Read more »
Mali to meet or exceed forecast for industrial gold outputIndustrial gold production in Mali, one of Africa's top producers of the precious metal, is expected to reach or even exceed its 67.7 t forecast for 2023, according to a mines ministry official. Gold production from mines, mainly owned by Barrick Gold, B2Gold, Resolute Mining, Allied Gold and Endeavour Mining, stood at 45.
Read more »