CME Group’s flash facts for gold futures markets referred to merchants prolonged the downtrend for but some other session on Thursday, this time with the aid of almost 8K contracts. Volume, instead, went up for the 1/3 straight session, now by means of round 61.4K contracts.
Gold seems in the beginning supported round $1930
Gold expenditures prolonged the weekly decline on Thursday amidst shrinking open interest, which is indicative that a deeper retracement appears out of favour in the very close to term. In the meantime, the yellow metallic is anticipated to stay bolstered by means of the $1930 vicinity per ounce troy.
