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Gold Futures: Upside seen short-lived

Traders scaled back both their open interest positions and volume by around 2.7K contracts and by nearly 107K contracts, respectively, on Friday.

Gold expected to remain capped by $1,600/oz

Friday’s moderate advance in the price of the ounce troy of Gold was in tandem with shrinking open interest and volume, hinting at the idea that the rebound could lack strength. That said, the key barrier at the $1,600 mark per ounce is still acting as a solid hurdle for the time being.

Japan PM Abe: Will make utmost efforts to keep virus from affecting Olympic Games

Japanese PM Abe told a parliamentary committee on Monday, the government will take utmost care and remain in close touch with all relevant groups to e
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USD/JPY: Further downside expected below 107.65 – Commerzbank

Following the recent performance, the pair risks extra losses if 107.65 is cleared, in opinion of Karen Jones, Team Head FICC Technical Analysis Resea
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