Traders increased their open interest positions for the second session in a row on Tuesday, this time by around 3.5K contracts according to preliminary readings from CME Group. Volume, in the same line, rose by around 50.1K contracts following two consecutive daily drops.
Gold faces interim resistance around $1,992/oz
Prices of the ounce troy of gold closed Tuesday’s session with marginal losses amidst rising open interest and volume. That said, further inconclusive price action is not ruled out while initial contention emerges at monthly lows around $1,906 (September 8) and gains remain capped by the proximity of the $2,000 mark (monthly high September 1).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.