“Gold Futures Plunge: Shaky Ground for Investors as Stunning Losses Loom Large”
Open interest in gold futures markets continues to grow steadily, marking the fourth consecutive session of expansion on Thursday. This time, the open interest grew by 665 contracts, according to preliminary readings from CME Group. Typically, when there is an increase in open interest, it indicates that investor interest in the asset is growing, and […]
“Gold Skyrockets Above $2,000, Silver Surges in Unprecedented Market Rally: Don’t Miss Out!”
Gold futures surged past $2,000 an ounce on Tuesday, reaching their highest level since mid-April. The precious metal has found support from concerns surrounding the banking sector, ahead of the Federal Reserve’s decision on interest rates Wednesday. Some analysts believe gold could potentially climb to $2,300 on “indications of a Fed pause in the hiking […]
“Gold Futures Plunge Below $2,000: Lowest in 3 Weeks – Time to Invest or Panic?”
Gold futures experienced a decline on Friday, settling below $2,000 an ounce for the first time in three weeks. The hawkish commentary from Federal Reserve officials indicated that the US rates would remain higher for a longer time, impacting the gold market. Lukman Otunuga, a manager of market analysis at FXTM, said that the Federal […]
“Gold Futures Defy Odds: Experts Say Unlikely to Experience Prolonged Dip – Invest Now!”
Over the past few days, there has been a noticeable decrease in open interest in gold futures markets, as reported by preliminary readings. Open interest dropped by approximately 9,500 contracts after witnessing three consecutive daily builds. This downswing signals that market participants are repositioning their holdings and expressing uncertainty in the near-term outlook for gold […]