Gold Futures: Scope for extra gains

Traders increased their open interest positions in Gold futures markets by just 132 contracts on Tuesday, according to advanced prints from CME Group. On the other hand, volume extended the choppy activity and dropped by around 10.8K contracts.

Gold approaches $1,800

Tuesday’s uptick in Gold prices was accompanied by a small increase in open interest, leaving the door open to the continuation of the uptrend to the immediate target at the $1,800 mark per ounce troy.