Open interest in gold futures markets dropped by around 1.4K contracts after two consecutive daily builds on Tuesday, according to preliminary reading
s from CME Group. Volume, instead, remained erratic and increased by around 12.3K contracts following the previous daily drop.prices remained in free fall on Tuesday amidst shrinking open interest, which could be indicative that the selling pressure could be mitigating somewhat in the very near term. In the meantime, the precious metal is expected to meet strong contention around the $1800 region per troy ounce.
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