Gold Futures: Room for extra upside

Traders reversed two consecutive daily pullbacks and added nearly 12.6K contracts  to their open interest positions on Thursday, according to preliminary prints for Gold futures markets.

Gold seen re-visiting the $1,700/oz area

Prices of the ounce troy of gold do not rule out another potential test of the key $1,700 barrier amidst the recent uptick in open interest and volume.