Gold Futures: Door open to extra gains

Open interest in gold futures markets rose for the 4^th consecutive session on Thursday, this time by around 4.7K contracts according to preliminary readings from CME Group. Volume followed suit and increased by around 81.7K contracts.

Gold now targets the $1,800 mark

Prices of the ounce troy of gold advanced markedly on Thursday amidst rising open interest and volume, exposing the continuation of the uptrend in the very near term and with the immediate target at the critical $1,800 mark.