Gold Futures: Room for extra upside

CME Group’s flash data for Gold futures markets noted open interest rose for the second session in a row on Friday, this time by around 8.7K contracts. On the other hand, volume extended the choppy activity and went down by more than 31K contracts.

Gold still looks to retests $1,820/oz

Prices of the ounce troy of the precious metal edged higher at the end of last week amidst rising open interest and the continuation of the erratic performance in volume. That said, there is still the chance for gold to re-visit the YTD around $1,820 per ounce in the short-term horizon.