Gold Futures: Rally appears unabated

Considering advanced prints from CME Group for gold futures markets, open interest went up for the third session in a row on Monday, this time by around 6.2K contracts. Volume followed suit and rose by around 34.2K contracts, keeping the erratic activity well in place for yet another session.

Gold: Immediate to the upside comes $2000

Gold prices started the week in a positive fashion amidst rising open interest and volume. Against that, the likelihood of further gains remains well in place and with the next hurdle of relevance at the key $2000 mark per ounce troy.