Open interest in the gold futures markets extended the downtrend for another session on Wednesday, this time by around 3.8K contracts based on preliminary values from the CME Group. In the same line, the volume decreased for the second session in a row, now by around 159.6K contracts.
Gold appears near $ 1,780. to be supported
gold The courses fell on Wednesday for the fifth time in a row. The daily downtrick was due to the shrinking open interest and volume, leaving the door open for a short-term rebound. Even so, the $ 1,780 per troy ounce area still remains fairly decent support for occasional downward moves in the precious metal.