Gold Futures: Extra losses on the cards

Pablo Piovano FXStreet

Open interest in gold futures markets extended the choppy activity and went up by around 5.3K contracts on Friday, reversing the previous drop, according to advanced readings from CME Group. In the same direction, volume increased by more than 83K contracts after two consecutive daily drops.

Gold: A move to $1,800 is not ruled out

Friday’s negative performance of gold prices was in tandem with rising both open interest and volume, exposing the continuation of the downtrend in the very near-term. That said, the $1,800 mark per ounce emerges as the next key contention area.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD deflates to fresh lows, targets 1.1600

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GBP/USD breaks below 1.3400, challenges the 200-day SMA

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Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.

Week ahead: US CPI might challenge the geopolitics-boosted Dollar

Geopolitics may try to steal the limelight from US data. A possible US Supreme Court ruling on tariffs could dictate market movements. Dollar strength might be tested if investors refocus on Fed expectations. A crammed data calendar next week, US CPI comes on Tuesday; Fedspeak to intensify. Euro weakness persists, lingering risk of deterioration in US-EU relations.

Week ahead – US CPI might challenge the geopolitics-boosted Dollar

Geopolitics may try to steal the limelight from US data. A possible US Supreme Court ruling on tariffs could dictate market movements. A crammed data calendar next week, US CPI comes on Tuesday; Fedspeak to intensify.

XRP trades under pressure amid weak retail demand

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