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Gold Futures: Extra upside loses traction

Traders scaled back their open interest positions for the third session in a row on Thursday, this time by nearly 15K contracts according to preliminary figures from CME Group. On the other hand, volume resumed the upside and rose by more than 15K contracts following Wednesday’s pullback.

Gold met resistance near $1,650/oz

Prices of the ounce troy of gold appear to have met an interim hurdle in the $1,650 region so far. Thursday’s uptick was on the back of declining open interest, opening the door for some near-term correction.

Coronavirus update: Germany reports 16% jump in new cases, India confirms 6 more deaths

According to the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cases has risen to 42,28
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EUR/USD: Overbought conditions

EUR/USD topped the 200 Simple Moving Average after previously rising above the 50 SMA as Friday's four-hour chart is pointing to overbought conditions
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