Gold Futures: Extra gains not ruled out

CME Group’s advanced readings for Gold futures markets noted investors added nearly 1.5K contracts to their open interest positions on Wednesday extending the erratic performance. Volume, instead, reversed two consecutive builds and shrunk by around 192.3K contracts.

Gold still looks to $2,000/oz in the near-term

The precious metal clinched fresh all-time highs in the $1,970 region per ounce on Wednesday. This uptick in Gold was amidst rising open interest and shrinking volume, still leaving the prospects for further upside well on the cards.

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