Gold Futures: A deeper pullback appears unlikely

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Gold Futures: A deeper pullback appears unlikely Gold Commodities Metals OpenInterest Futures

futures markets noted traders trimmed their open interest positions for the second straight day on Monday, this time by around 2.5K contracts. Volume followed suit and went down for the second consecutive session, now by around 6.6K contracts.prices started the week on a negative foot amidst shrinking open interest and volume. Against that, further retracements appear not favoured for the time being, giving way instead to some near-term rebound.

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