Gold Futures: Room for further upside

CME Group’s flash data for crude oil futures markets noted open interest partially reversed the previous daily drop and rose by nearly 3K contracts. In the same direction, volume rose for the fourth consecutive session, this time by around 8.6K contracts.

Gold: Immediately to the upside comes $1950

Wednesday’s decent uptick in gold prices was accompanied by increasing open interest and volume, allowing for extra gains in the very near term and with the next hurdle of note at the $%1950 mark per ounce troy.