CME Group’s flash data for gold futures markets noted traders added around 5.7K contracts to their open interest positions after two consecutive daily
Gold faces interim hurdle around $1930prices extended its rebound and managed to close above the $1900 mark per troy ounce, surpassing at the same time the key 200-day SMA, on Wednesday. The daily was amidst increasing open interest and volume and is indicative that further gains appears on the cards for the yellow metal in the very near term. That said, bullion faces an interim hurdle at the 55-day SMA at $1933.
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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 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 »
Gold Futures: Further gains seem unlikelyOpen 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
Read more »
Gold futures mark their largest daily gain so far this monthGold futures climbed on Wednesday, tacking on more than 1% to score their largest single-session rise since the end of July. Prices for the metal had been...
Read more »
Gold prices look to tally a 4th straight session climbGold futures climb Wednesday, with the yellow metal poised to tally a fourth straight session gain.
Read more »
Crude Oil Futures: A deeper pullback looks not favouredCME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions for the fourth session in a row on Monday
Read more »