Gold Futures: Room for further gains near term

Open interest in gold futures markets increased by nearly 4K contracts on Thursday after five consecutive daily pullbacks, according to preliminary readings from CME Group. Volume, instead, reversed two daily builds in a row and shrank by around 29.2K contracts.

Gold: On its way to $1,800?

Gold prices extended the rebound on Thursday on the back of rising open interest, which leaves the door open to the continuation of the uptrend in the very near term. That said, the next target of note emerges at the key $1,800 mark per ounce troy.