Bullish Sentiment On Equities Drags Gold Futures Lower
He said the decline was driven by improving trade sentiment, spurred by the United States–China framework deal and ongoing negotiations with key Asian partners.
KUALA LUMPUR, June 30 (Bernama) -- Gold futures contracts on Bursa Malaysia Derivatives ended lower today as global sentiment turned more bullish towards equities, said SPI Asset Management managing partner Stephen Innes.
The spot-month June 2025 contract fell to US$3,277.30 per troy ounce from US$3,340.80 per troy ounce on Thursday last week, while July 2025 dropped to US$3,296.80 from US$3,355.10 per troy ounce previously.
The August, September and October 2025 contracts all declined to US$3,312.50 per troy ounce from US$3,370.80 per troy ounce last Thursday.
Trading volume shrank to three lots versus 13 lots previously, while open interest narrowed to 24 contracts from 36 contracts.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
an hour ago
- New Straits Times
Anwar set for maiden three-day visit to Italy to boost ties
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim is scheduled to undertake a three-day working visit to Italy, his first to the country, according to a statement from Wisma Putra. The statement said that the visit, from July 1 to 3, is at the invitation of his counterpart, Giorgia Meloni. He will be accompanied by Foreign Minister Datuk Seri Mohamad Hasan, Transport Minister Anthony Loke Siew Fook, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, and Defence Minister Datuk Seri Mohamed Khaled Nordin. According to Wisma Putra, during the visit, the Prime Minister is slated to hold a bilateral meeting with Meloni at the Chigi Palace in Rome on July 3. "This meeting provides an opportunity for both leaders to assess the progress of Malaysia-Italy relations and explore new cooperation opportunities, especially in the fields of economy, defence technology, and energy," the statement read. Asean and Global Outlook Both parties will also exchange views on regional and international issues of mutual interest, including the Asean-Italy Development Partner Relations, Asean-European Union Dialogue Relations, and the situation in the Middle East. "The Prime Minister will also outline Malaysia's priorities during its Asean Chairmanship in 2025 and Asean's efforts in addressing regional and global challenges," it added. Wisma Putra informed that the Prime Minister is also scheduled to officiate the "Malaysia-Italy Economic Partnership Roundtable," which will be attended by Malaysian and Italian industry leaders to discuss cooperation opportunities in bilateral investment and trade on July 2. Additionally, Anwar is slated to attend a meeting with Muslim community leaders in Italy and a get-together with the Malaysian diaspora. The long-standing bilateral relationship between Malaysia and Italy is strong and mutually beneficial, supported by continuous growth in trade and investment, as well as people-to-people connectivity. Last year, total trade between Malaysia and Italy recorded a two per cent increase to RM14.61 billion (US$3.18 billion) compared to 2023. For the period of January to May this year, total trade continued to show positive performance with a 3.3 per cent increase to RM6.50 billion (US$1.48 billion) compared to the same period in 2024. Italy is Malaysia's fifth-largest trading partner among European Union countries and the third-largest importer of Malaysian palm oil from the bloc for 2024.
Malaysian Reserve
2 hours ago
- Malaysian Reserve
Leather for Automotive Seats Market Size Expected to Reach USD 69.12 Bn 2031, Growing at CAGR of 5.3%, Booming Automotive Industry Fuels Growth
NEW YORK, June 30, 2025 /PRNewswire/ — As per a new comprehensive report from The Insight Partners, the global leather for automotive seats market is observing significant growth owing to the rising demand for luxury vehicles and a growing adoption of electric vehicles. The leather for automotive seats market is expected to reach US$ 69.12 billion by 2031 from US$ 48.93 billion in 2024. The market is estimated to register a CAGR of 5.3% during the forecast period. The leather used in automotive seat applications is made from either genuine or artificial leather. Genuine leather, also known as natural leather, is derived from the hides of animals such as cattle, goats, buffalo, or others, which are a byproduct of the meat processing industry. Artificial leather, also known as synthetic leather, is made using polyvinyl chloride or polyurethane to mimic the properties and texture of natural leather. The report runs an in-depth analysis of market trends, key players, and future opportunities. The leather for automotive seats market analysis focuses on automotive applications that are expected to determine the market strength in the coming years. To explore the valuable insights in the Leather for Automotive Seats Market report, you can easily download a sample PDF of the report – Overview of Report Findings Rising Demand for Luxury Vehicles: Luxury vehicles encompass superior comfort with high-end materials to enhance their interior. Leather seats are perceived as a hallmark of premium interiors in luxury vehicles. Leather seats significantly improve the overall aesthetics of the vehicle interior, contributing to a refined and elegant ambiance. Luxury consumers often seek visually appealing interiors crafted from premium materials, with leather playing a central role. Consumers typically associate leather automotive seats with sophistication and exclusivity, which aligns with the luxury vehicle image. This preference stems from the growing demand for comfortable, stylish, high-quality automotive interiors. In September 2023, Aston Martin, a British luxury automotive manufacturer, announced plans to expand its geographical footprint in India by inaugurating a new dealership. It also launched the sports car DB12 with leather seats to meet its growing demand. Thus, the rising number of luxury vehicles fuels the global demand for leather for automotive seats. Growing Adoption of Electric Vehicles: The rise in fuel prices and the environmental impact of conventional gasoline vehicles have paved the way for alternative fuel vehicles across the globe. Buyers are gradually getting inclined to use battery-powered or hybrid automobiles, which is anticipated to boost the demand for electric vehicles in emerging and developing countries. According to the International Energy Agency's annual Global Electric Vehicle Outlook, China registered 6.4 million electric vehicles in 2024, an increase from 5.4 million in 2023. As the automotive industry witnesses a transformative shift toward electric vehicles (EVs), the demand for leather for automotive seat applications increases. Geographical Insights: Asia Pacific led the market with a substantial revenue share in 2024, followed by North America and Europe. Further, Asia Pacific is expected to register the highest CAGR during the forecast period due to a booming automotive industry. For Detailed Leather for Automotive Seats Market Insights, Visit: Market Segmentation In terms of type, the leather for automotive seats market is bifurcated into genuine leather and artificial leather. The genuine leather segment held a larger share of the market in 2024. By vehicle type, the leather for automotive seats market is segregated into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. The passenger cars segment dominated the market in 2024. The leather for automotive seats market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America. Stay Updated on The Latest Leather for Automotive Seats Market Trends: Competitive Strategy and Development Key Players: San Fang Chemical Industrial Co Ltd; Mayur Uniquoters Limited; Nan Ya Plastics Corp; FILWEL Co., Ltd.; Kolon Industries Inc; BASF SE; Kuraray Co Ltd; Teijin Ltd; Toray Industries Inc; Covestro AG; Wollsdorf Leder Schmidt & Co Ges.m.b.H.; Curtidos Treviño S.A. de C.V.; Wickett-Craig; Super Tannery Ltd.; and Elmo Sweden AB are among the leading companies operating in the leather for automotive seats market. Trending Topics: Vegan leather for automotive seats, electric vehicles, luxury vehicles, lightweight leather, synthetic leather Global Headlines on Leather for Automotive Seats – Bentley Motors became the first automotive member of Leather Naturally, the global voice of the sustainable leather industry.– Kuraray announced to increase the prices of its man-made leather CLARINO – Danish company Beyond Leather Materials collaborated with German materials manufacturer Covestro Purchase Premium Copy of Global Leather for Automotive Seats Market Size and Growth Report (2021-2031) at: Conclusion The growth in the global automotive industry, especially luxury vehicles, propels the demand for leather for automotive seats. The increase in population, rise in disposable income, and easy availability of credit and financing are the key factors boosting luxury vehicle sales. The increasing sales in the automotive industry are fueling the consumption of leather for automotive seats. Further, the increasing investment in electric vehicles is driving the leather for automotive seats market substantially. The rise in fuel prices and the environmental impact of conventional gasoline vehicles have paved the way for alternative fuel vehicles across the globe. Buyers are gradually getting inclined to use battery-powered or hybrid automobiles, which is anticipated to boost the demand for electric vehicles. Therefore, the demand for leather for automotive seats in electric vehicles is expected to increase significantly in the coming years. The report from The Insight Partners, therefore, provides several stakeholders—including raw material suppliers, manufacturers, distributors, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us:If you have any queries about this report or if you would like further information, please contact us:Contact Person: Ankit MathurE-mail: +1-646-491-9876Home – Logo:
Barnama
2 hours ago
- Barnama
ASEAN Urged To Infuse Gender Lens In Human Rights Agenda
PETALING JAYA, June 30 -- Chair of AICHR and Malaysiaâs Representative to AICHR, Edmund Bon Tai Soon, speaking to the media after chairing The AICHR Regional Workshop on Gender Lens Perspective on Business and Human Rights in ASEAN at Courtyard Kuala Lumpur South, today. -- fotoBERNAMA (2025) COPYRIGHT RESERVED By Muhammad Fawwaz Thaqif Nor Afandi KUALA LUMPUR, June 30 (Bernama) -- ASEAN must step up its efforts to incorporate gender perspectives into the business and human rights agenda to ensure inclusive regional development. Malaysia's Representative to the ASEAN Intergovernmental Commission on Human Rights (AICHR) Edmund Bon Tai Soon said while ASEAN has progressed in promoting gender equality, the women across the region still face structural barriers that prevent their full participation in decision making and economic life. bootstrap slideshow 'Business and human rights are not solely about trade regulations or governance, but it impacts people especially women and girls, and those from vulnerable and marginalised communities whose voices have often been excluded from decision-making. 'These barriers remain deeply entrenched in our societies and too often, business structures and practices appear gender-neutral, but continue to reinforce inequality in effect,' he said in his remarks at the Regional Workshop on Gender Lens Perspective on Business and Human Rights in ASEAN here on Monday. He emphasised that gender discrimination in business settings remains both a cause and a consequence of broader inequality, particularly for women and girls, and should be recognised as a form of violence. 'We see on our TV screens, we see in the media, news about war and genocides, that is actual violence, that is physical violence, that is something that we are against. 'But structural and cultural discrimination is also a form of violence, and I think that is something that we need to localise,' he said. Bon added that ASEAN must ensure its frameworks reflect the lived realities of women and girls in line with international standards such as the United Nations Guiding Principles (UNGPs) on Business and Human Rights.
