Gold Futures: Further losses on the table

CME Group’s flash data for gold futures markets noted open interest rose by nearly 4.6K contracts on Thursday, reaching the sixth consecutive daily build. In the same line, volume reversed the previous drop and went up by around 19.4K contracts.

Gold remains capped by $1,800

Thursday’s downtick in gold prices was on the back of increasing open interest and volume, allowing for the continuation of the downtrend, at least in the very near term. In the meantime, occasional bullish attempts in the yellow metal remains so far limited by the key $1,800 mark per ounce troy.