Gold Futures: Further weakness likely near term Gold Commodities Metals OpenInterest Futures
time by around 7.1K contracts. Volume followed suit and went up by around 97.1K contracts, partially reversing the previous marked pullback.prices was on the back of rising open interest and volume, suggesting that further losses lie ahead in the very near term. The yellow metal, however, is expected to maintain the current consolidation in place since mid-May. Occasional bouts of weakness are still seen supported around $1925 per troy ounce.
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