Open interest and volume in Gold futures markets rose by around 1.8K contracts and by around 17.3K contracts, respectively, on Friday, according to preliminary readings from CME Group.

GOLD APPROACHES $1,800

Friday’s negative price action in Gold was accompanied by increasing open interest and volume, opening the door to a probable correction lower in the very near-term. In the meantime, occasional bullish attempts in the yellow metal remain limited by the key hurdle at the $1,800 mark per ounce troy.