Gold Futures: Upside has further legs

Traders increased their open interest positions in Gold futures markets by nearly 15K contracts on Tuesday, in light of flash data from CME Group. In the same line, volume reversed Monday’s pullback and rose by around 75.4K contracts.

Gold: The $1,800 mark is just around the corner

Prices of the ounce troy of the precious metal keeps pushing higher and a test of the key $1,800 mark looks imminent. This view is supported by rising open interest and volume, while the unremitting advance of the coronavirus pandemic also collaborates with the upbeat sentiment surrounding Gold.