Gold Futures: Still room for further consolidation

Open interest in gold futures markets kept the erratic performance on Thursday and rose by around 2.8K contracts according to preliminary readings from CME Group. Volume also remained erratic and shrank by nearly 2K contracts.

Gold keeps gyrating around $2000

Gold charted decent gains on Thursday amidst rising open interest and declining volume. Against that, the continuation of the consolidative trade seems well on the cards for the time being, always around the key $2000 mark per ounce troy.