According to preliminary data from CME Group, on Wednesday the open interest indicator for gold futures continued the upward trend of the previous two days and increased by almost 4 thousand contracts.

Meanwhile, trading volumes also increased for the 2nd day in a row – this time by about 11.8 thousand contracts. Meanwhile, gold prices continued to show positive mood on Wednesday. Recently, the price broke above the key round mark of $1,800. Such dynamics, together with the growth of open interest and volumes, indicates the potential for further strengthening of the price in the short term. The nearest target of bulls is located in the neighborhood of $1,830.