Gold Futures: Scope for further gains

Investors added around 4.5K contracts to their open interest positions in gold futures markets on Wednesday, according to advanced data from CME Group. In the same line, volume extended the choppy activity and increased by more than 10K contracts.

Gold keeps looking to $1,800/oz

Rising open interest and volume amidst positive price action allow for extra gains in the ounce troy of gold. That said, the next barrier of note still emerges at the $1,800 mark.