Gold Prices Surge: Active Trading & Upward Trend

Gold prices surged on Friday, November 28th, with most contracts showing an increase in value. The December 25th contract closed at $4,187.40 per troy ounce, up $22.20 from its opening. The February 26th contract was particularly active, closing at $4,221.30, an increase of $19.00, and saw a significant volume of 89,832 trades. The total estimated volume for todays gold trading reached 95,786 contracts, a noticeable shift from Wednesdays volume. The open interest, representing outstanding contracts, increased by 579 contracts, indicating new money entering the market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.