Gold Futures: Scope for further gains

In light of flash figures for Gold futures markets from CME Group, both open interest and volume increased by just 245 contracts and nearly 4.2K contracts, respectively, on Thursday.

Gold could re-visit $1,650/oz

Thursday’s uptick in the price of the ounce troy of gold was accompanied by increasing open interest and volume, which carry the potential to extend the move to the recent tops in the $1,650 zone.