Gold Futures: Extra gains likely near-term

In light of advanced data for Gold futures markets, traders added around 1.1K contracts to their open interest positions in Friday, as per CME Group’s report. Volume, too, went up by almost 13.1K contracts.

Gold now targets the Fibo level at $1,574

The ounce troy of the precious metal is seen extending its upside amidst Friday’s rising open interest and volume. That said, the next target emerges at the Fibo retracement (of the December rally) at $1,574.21/oz.

Jan 20, 2020

GBP/JPY slides to multi-day lows, below 143.00 handle

The GBP/JPY cross edged lower for the second consecutive session on Monday, with bears looking to extend the downfall further below the 143.00 round-f

Moody’s: UK economy to slow to 1% GDP growth this year

Moody’s Investors Service, the US-based rating agency, made some comments on the UK economic outlook amid looming Hard Brexit risks and Bank of Englan