Gold Futures: Door open to further upside Gold OpenInterest Futures Commodities Metals
futures markets reversed the previous drop and increased by around 15.5K contracts on Friday, according to preliminary readings from CME Group. Volume followed suit and went up for the second session in a row, this time by around 108.8K contracts.prices was on the back of increasing open interesting and volume and is indicative that extra gains appear in store for the yellow metal in the few weeks. That said, the next up-barrier of note appears around the $1900 mark per ounce troy.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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.
NHL futures: Why now might be the time to bet on the FlamesPerhaps no team has had a more turbulent 2022-23 season than the Calgary Flames.
Read more »
Dow futures unsteady as stock-market investors watch efforts to avert SVB-inspired bank crisisU.S. equity markets traded unevenly Sunday afternoon, in the aftermath of the failure of Silicon Valley Bank on Friday, which has cast a pall over the...
Read more »
Dow futures surge higher as concerns about Silicon Valley Bank prompt emergency intervention by regulatorsU.S. equity markets traded higher Sunday afternoon, in the aftermath of the failure of Silicon Valley Bank on Friday, as regulators unfurled a batch of...
Read more »
US stock futures rally as Fed acts to stabilise banksU.S. stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors wagered future hikes in U.S rates would now be less aggressive.
Read more »
S&P 500 Futures gain 1.0%, yields rebound as SVB, Signature Bank woes fadeMarkets witness a risk-on mood during early Monday, following a show of heavy pessimism the previous day, as the US policymakers take steps to tame fi
Read more »
Stock futures, bonds rally as U.S. acts to stabilise banksInvestors welcomed action on SVB deposits, though speculation is turning to the Fed and whether a high reading on U.S. consumer price figures would increase pressure to raise rates aggressively.
Read more »