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Further gains on the cards – Crypto News
Open interest in gold futures markets rose for the second session in a row on Friday, this time by nearly 5K contracts according to preliminary readings from CME Group. Volume, instead, kept the choppy trade well in place and dropped by around 29.5K contracts.
Gold faces minor support near $1890.
Friday’s marked uptick in golden The price was on the back of rising open interest and a strong drop in volume. That said, while further gains appear on the cards in the very near term, a sustained bounce seems not favoured. On the downside, the yellow metal faces immediate support around the $1890 region per troy ounce.
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