Gold Futures: Still scope for extra gains

Open interest in gold futures markets rose by just 140 contracts on Wednesday according to preliminary readings from CME Group. In the same line, volume went up by around 45.7K contracts, keeping the erratic performance well in place for the time being.

Gold: Next up-barrier emerges around $1987

Gold prices added to the previous daily gains on Wednesday. The move was on the back of increasing open interest and volume and is supportive of extra upside in the very near term. Against that, the immediate target appears at the July high at $1987 (July 20).

Jul 27, 2023

Gold Price Forecast: XAU/USD recovery lost momentum above $1,970, eyes on US GDP

Gold price (XAU/USD) loses its traction after rising towards $1,982 heading into the early European session. Precious metals trade on a positive note

EUR/DKK to keep inching higher and round up to 7.46 around the turn of the year – ING

EUR/DKK has climbed steadily in July after a short-lived dip below 7.4460 on 30 June. Economists at ING analyze the pair’s outlook. DN to follow the E