4 Global Market Updates- 5 August, 2022

 

In this article, we have covered the highlights of global market news about the Gold Price Future, AUD/USD, USD/JPY and Futures for crude oil.
Future increases for gold are anticipated in the foreseeable future.

According to CME Group’s flash statistics for the gold futures markets, open interest increased by around 2.5K contracts on Thursday after four days of daily declines. However, volume decreased for the second session in a straight, but only by 870 contracts this time.

On Thursday, gold prices continued to rise as open interest increased. In contrast, the precious metal was still on course to return to the critical level of $1,800 per ounce troy.

As traders exhibit the normal concern ahead of the important US employment data on Friday, the price of gold (XAU/USD) seesaws near the monthly peak. Despite this, the price of yellow metal fluctuates between $1,788 and $1,791 as of the morning of the press in Europe.

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