Gold Futures: Further gains on the cards

CME Group’s flash data for gold futures markets noted open interest rose for the third session in a row on Friday, this time by more than 1K contracts. Volume followed suit and went up by nearly 64K contracts after two consecutive daily drops.

Gold now retargets $1900

Friday’s marked rebound in gold prices was accompanied by increasing open interest and volume, leaving the door open to further advance in the very near term. Against that, the precious metal is seen retargeting the key $1900 region per troy ounce for the time being.