Gold Futures: Extra gains on the cards

Traders added nearly 6.5K contracts to their open interest positions in Gold futures markets at the beginning of the week, according to preliminary figures from CME Group. Volume, instead, resumed the downtrend and shrunk by almost 93K contracts.

Gold keeps looking to $1,800/oz

Gold prices extended the recovery on Monday amidst rising open interest and now open the door to the continuation of the upside with the immediate target at the key barrier at $1,800 per ounce troy.