Gold Futures: Door open to further decline

CME Group’s flash data for gold futures markets noted open interest increased by around 2.2K contracts on Wednesday. In the same line, volume went up by around 45.6K contracts, extending the erratic performance for yet another session.

Gold now targets $1,800

Gold prices remained on the defensive on Thursday amidst rising open interest and volume. Against that, the precious metal now shifts its focus to the key support at the $1,800 zone per ounce troy.