Open interest in gold futures markets shrank for the second session in a row on Tuesday, this time by just 281 contracts according to preliminary read
ings from CME Group. Volume followed suit and went down by around 5.4K contracts and partially reversed the previous daily build.prices added to gains seen at the beginning of the week amidst shrinking open interest and volume on Tuesday. Against that the continuation of the uptrend appears not favoured in the very near term while the key 200-day SMA, today at $1908, continues to limit occasional bullish attempts.
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.
Gold Futures: Further consolidation on the cardsOpen interest in gold futures markets shrank by just 775 contracts on Monday, reversing the previous daily pullback according to preliminary readings
Read more »
Oil futures post back-to-back losses on the expiration day for September WTI futuresOil futures settled lower for a second session on Tuesday, “having fluctuated quite a lot so far this month, only to trade slightly below where it started,”...
Read more »
Gold futures post back-to-back session gainsGold futures settled higher on Monday for a second straight session. The precious metal’s “worst enemy is surging real yields,” said Edward Moya, senior...
Read more »
Crude Oil Futures: Further upside seems not favouredOpen interest in crude oil futures markets dropped for the third session in a row on Friday, this time by around 23.4K contracts according to prelimin
Read more »
Gold futures settle higher for a third straight sessionGold futures posted a third consecutive session gain on Tuesday, the longest streak of gains since mid-July. Prices found some support in the wake of a...
Read more »
The Real Reason Gold Will Rally | Investing.comCommodities Analysis by Avi Gilburt covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Avi Gilburt's latest article on Investing.com
Read more »