Gold Futures: Bullish move poised to continue

Open interest in gold futures markets tracked by flash data from CME Group noted open interest rose by nearly 1.1K contracts on Thursday after two daily pullbacks in a row. Volume followed suit and rose, albeit marginally, by 168 contracts.

Gold faces extra gains above $1,800/oz

Gold prices rebounded from recent lows on Thursday and closed with decent gains after three consecutive sessions in the negative territory. Further upside remains on the cards on the back of rising open interest and volume. This view is seen underpinned on a sustainable surpass of the key $1,800 mark per ounce troy.