Gold Futures: Downside appears limited

Open interest and volume in Gold futures markets shrunk by nearly 3K contracts and around 67K contracts, respectively, on Friday according to preliminary figures from CME Group.

Gold: The $1,800 level holds the downside

Prices of the ounce troy of the precious metal dropped for the second consecutive session on Friday. The move, however, was amidst declining open interest and volume and leave Gold hovering around the key $1,800 mark for the time being.