Gold Futures: A deeper retracement appears unlikely

re than 8K contracts. Volume followed suit and dropped by around 274.5K contracts, reversing at the same time three consecutive daily builds.prices was on the back of shrinking open interest and volume, hinting at the view that the current decline is unlikely to extend further in the very near term. In the meantime, the recovery in the precious metal keeps the immediate target at the 2023 high at $1960 per ounce troy .

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With the guidance of consultant the group discusses the difficulties identifies the underlying causes and explorers possible solutions

The short-term decline of the US dollar has slowed down, and there are signs of pause and correction, which limits further gains in gold prices

Why?

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