Gold Futures: Scope for extra gains

Open interest and volume in Gold futures prices rose by around 6.4K contracts and by around 50.6K contracts, respectively, on Tuesday, according to advanced figures from CME Group.

Gold approaches $1,760

Tuesday’s strong rebound in Gold prices was on the back of rising open interest and volume. That said, further upside is therefore on the cards in the very near-term with the next hurdle at the $1,760 mark per ounce troy.