Open interest in gold futures markets extended the downtrend for yet another session and shrank by around 8.8K on Friday, considering preliminary readings from CME Group.
That said, the $1,800 mark per ounce troy should emerge as the initial target of any bullish attempt.
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Gold price extended its six-day losing streak on Friday and reached the lowest levels in two months at $1761, recording a 6% loss on a weekly basis.
Ethereum price was held by the $2,000 support level after a steep correction.
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