Gold Futures On BMD End Higher In Line With US Comex Counterpart
KUALA LUMPUR, Aug 18 (Bernama) -- Gold futures on Bursa Malaysia Derivatives (BMD) closed higher on Monday, mirroring the US COMEX gold market amid lower US Treasury yields.
Meanwhile, traders await the outcome of the meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump.
In addition, they are also keeping an eye out for signals from the Federal Open Market Committee (FOMC) meeting minutes to be released on Aug 21, as market players seem convinced that the US Federal Reserve will lower the interest rate at its September meeting.
At the close, the spot-month August 2025 contract rose to US$3,348.50 per troy ounce from US$3,344.10 on Friday last week.
The September 2025 contract increased to US$3,353.90 per troy ounce from US$3,349.50 last Friday, October 2025 inched up to US$3,383.30 per troy ounce from US$3,378.90 previously, and November 2025 climbed to US$3,400.10 per troy ounce from US$3,395.70.
Meanwhile, the December 2025, February 2026 and April 2026 contracts also settled higher at US$3,419.70 per troy ounce compared with US$3,415.20 on Friday.
Trading volume jumped to 11 lots from four lots last Friday, while open interest expanded to 45 contracts from 38 contracts previously.
Physical gold was priced at US$3,335.50 per troy ounce based on the London Bullion Market Association's afternoon fix on Aug 15.
-- BERNAMA
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