Opportunities for additional profits are available in Gold Futures.

Open interest in the gold futures markets rose for the second consecutive session on Wednesday, with preliminary data from CME Group indicating an increase of approximately 7.2K contracts. Additionally, trading volume also saw an uptick, climbing by around 110.6K contracts after two consecutive days of declines.

Gold retargets the $1980 region

On Wednesday, gold prices saw a significant increase, driven by higher open interest and trading volume. This suggests the potential for more upward movement in the near future for the precious metal. However, it’s worth noting that the next significant level to watch is the July highs, which are located around the $1980 per troy ounce range.

All information provided on this site is intended solely for the study purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose! Glow Node LTD. Does not provide any of the investment services listed in the capital market undertakings act no. 256/2004 coll. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Glow Node LTD. Are not a broker and do not accept deposits. The website glow-node.com is owned and operated by uk company , 89 – 90 Paul Street, London