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Gold Futures: Further consolidation on the cards

Open interest in gold futures markets extended the downtrend on Friday, now by around 1.2K contracts according to preliminary figures from CME Group. Volume followed suit and shrank for the second session in a row, this time by around 62.8K contracts.

Gold remains supported by the 200-day SMA

Friday’s small uptick in gold prices was amidst shrinking open interest and volume, leaving the prospects for extra gains somewhat diminished in the very near term. In the meantime, the precious metal appears well supported by the 200-day SMA around $1,840.

AUD/USD clings above 0.7180 as DXY tests monthly lows, Aussie GDP and US NFP in focus

The AUD/USD pair is holding itself strong near the previous week’s high at 0.7189 as a risk-on impulse has been preferred by the market participants o
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GBP/USD gets ready to revisit 1.2700 – UOB

Further upside could now push GBP/USD to the 1.2700 region in the next weeks, noted FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. Key Qu
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