Gold Futures: Room for extra consolidation

Open interest in gold futures markets rose for the second session in a row on Wednesday, this time by around 4.3K contracts in light of advanced figures from CME Group. Volume followed suit and also went up for the second consecutive day, now by around 6.4K contracts.

Gold remains side-lined around $1920

Gold prices kept the familiar range on Wednesday amidst rising open interest and volume. Against that, the price action around the yellow metal is expected to remain consolidative for the time being, likely around the $1920 region.