Gold Futures: Further upside stays on the cards

Open interest in gold futures markets increased for yet another session on Friday, this time by around 4.5K contracts. On the other hand, volume shrank for the second session in a row, this time by around 28.2K contracts.

Gold keeps targeting $1,900 and above

Prices of the yellow metal charted decent gains on Friday but the upside faltered once again ahead of the $1,870 level per ounce troy. The move was amidst rising open interest, leaving the door open for the continuation of the uptrend while the target remains unchanged at the 2021 peaks past $1,910 (June 1).