Gold Futures: Room for extra gains

Traders added more than 5K contracts to their open interest positions in Gold futures markets on Wednesday, in light of advanced readings from CME Group. Volume, instead, reversed the previous build and shrunk by nearly 60K contracts.

Gold seen testing the 2020 highs near $1,750/oz

Prices of the ounce troy of gold charted a positive session on Wednesday amidst rising open interest, leaving the scenario ripe for another potential move to the area of yearly highs near $1,750.