- Gold Futures: Scope for further losses
Noticias del mercado
20 octubre 2022
Gold Futures: Scope for further losses
Open interest in gold futures markets increased for the second session in a row on Wednesday, this time by around 8.5K contracts according to preliminary readings from CME Group. In the same line, volume rose for the second straight session, now by around 18.5K contracts.
Gold could revisit the 2022 low at $1,614
Gold prices dropped markedly on Wednesday amidst rising open interest and volume. That said, further downside is now on the cards and with immediate contention at the YTD low at $1,614 per ounce troy (September 28).
Enfoque del mercado
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