Gold Futures: Room for further losses

Open curiosity in Gold markets rose for the third session in a row on Monday, this time by round 6.2K contracts based on preliminary figures from CME Group. In the identical line, quantity resumed the uptrend and elevated sharply by almost 201.8K contracts.

Gold

The leg decrease in gold costs prolonged for an additional session at first of the week towards the backdrop of rising open curiosity and quantity. That stated, further declines at the moment are on the playing cards with the fast goal on the 200-day SMA in the important thing $1,800 neighbourhood per ounce.