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Precious metal investing comex gold futures open interest
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Comex gold futures open interest climbed 4% week-on-week, indicating market participants are adding long exposure. Analysts from major banks suggest precious metal investing may benefit if inflation expectations stay sticky. Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt. Shelby Fishman is a deputy editor for MarketWatch Picks. Previously, she served as an assistant editor for custom content at Barron’s Group. Shelby studied broadcast journalism at Southern Methodist University in Dallas and received her Master’s in Journalism from American University in Washington, D.C. Spot gold tested $2,050 resistance before mild profit-taking set in. Chartists view a clean break above this level as a potential new leg higher in precious metal investing momentum trades.