Gold Futures: Further rangebound on the cards

Pablo Piovano FXStreet

Open interest in Gold futures markets rose for the third consecutive session on Monday, this time by nearly 4.4K contracts according to preliminary readings from CME Group. In the same line, volume prolonged the choppy performance and went up by around 17.3K contracts.

Gold looks side-lined around $1,900/oz

Gold prices extend the consolidative mood around the key $1,900 mark per ounce amidst rising open interest and volume, leaving this trend unchanged at least in the very near-term.

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.

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