On Wednesday, traders increased their open interest positions for the third consecutive session, this time by almost 3 thousand contracts, taking into account the preliminary data of the CME Group. On the other hand, the volume decreased by almost 31 thousand contracts, which completely changed the previous growth.
Gold can still be rechecked for $ 1,850
Gold prices continued their weekly correction on Wednesday after recent peaks above $ 1,900 per troy ounce. This move came in tandem with an increase in open interest, leaving the door open for further pullbacks in the near future. However, a fall to a monthly low of around $ 1850 should not be ruled out for now.