The nearest expiration date for Gold Futures (Sep 2024) is Sep 16, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Gold Futures (Sep 2024) before Sep 16, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Gold Futures (Sep 2024) this number is 80.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Gold Futures (Sep 2024) shows that traders are closing their positions, which means a weakening trend.