Gold Surges After Open Interest Retracts Last Week

Gold settled nearly 1.8% higher, snapping a six-session losing streak. Last week, precious metal futures as a whole shed 7% of open interest, due in large part to outflows from gold ETFs.

Gold settled nearly 1.8% higher, snapping a six-session losing streak. Last week, precious metal futures as a whole shed 7% of open interest, due in large part to outflows from gold ETFs.