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Barnama
3 days ago
- Business
- Barnama
Gold Futures Likely To See Cautious Trading Next Week
KUALA LUMPUR, Aug 16 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to see cautious trading next week, influenced by external developments and US COMEX performance. Investors are likely to stay on the sidelines ahead of the release of the United States Federal Open Market Committee (FOMC) meeting minutes on Aug 20, amid ongoing weakness in the greenback. On a weekly basis, the spot-month August 2025 contract decreased to US$3,344.10 per troy ounce on Friday from US$3,415.80 a week earlier, the September 2025 contract improved to US$3,349.50 per troy ounce from US$3,421.50 previously, while October 2025 weakened to US$3,378.90 per troy ounce from US$3,451.50, and November 2025 slipped to US$3,395.70 per troy ounce from US$3,468.90.
Focus Malaysia
29-07-2025
- Business
- Focus Malaysia
Late selling drags Bursa Malaysia to end at intraday low ahead of 13MP, FOMC announcements
BURSA Malaysia ended at its intraday low today, pressured by late selling as investors positioned themselves ahead of the 13th Malaysia Plan (13MP) announcement on Thursday. Apart from that, investors are awaiting fresh catalysts from the outcomes of the United States Federal Open Market Committee (FOMC) meeting scheduled on July 29-30, amid ongoing US-China trade talks in Stockholm. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.56 points, or 0.36%, to close at 1,523.82 from Monday's close of 1,529.38. The benchmark opened 0.20 of-a-point firmer at 1,529.58 and subsequently hit its highest level of 1,537.62 in early trade before trending downward for the rest of the day. In the broader market, losers led gainers 603 to 365, while 506 counters were unchanged, 1,047 untraded and 44 suspended. Turnover improved to 3.36 billion units worth RM2.18 bil from 3.0 billion shares worth RM2.30 bil on Monday. ‒ July 29, 2025
New Straits Times
19-06-2025
- Business
- New Straits Times
Ringgit extends downtrend against US dollar
KUALA LUMPUR: The ringgit continued to end lower against the greenback on Thursday, weighed down by emerging concerns over the global financial outlook, a dealer said. At 6pm, the local note slid to 4.2590/2625 versus the US dollar from yesterday's close of 4.2500/2550. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit depreciated to as low as RM4.2633 during the morning session as the United States Federal Open Market Committee (FOMC) members were reluctant to cut rates excessively in light of concerns over higher inflation risk in the second half of 2025. "This was reflected in their latest quarterly forecast of Personal Consumption Expenditures Price Index (PCE) inflation, which is expected to reach 3.0 per cent for 2025 versus the actual figure of 2.1 per cent in April 2025," he told Bernama. He added that sentiments will remain guarded as the market participants are wary of the potential escalation of the Israel-Iran conflict. Conversely, the ringgit traded higher against a basket of major currencies at the close. It rose against the British pound to 5.7164/7211 from 5.7218/7285 at the close on Wednesday, gained vis-à-vis the euro to 4.8868/8908 from 4.8888/8945 yesterday and appreciated versus the Japanese yen to 2.9286/9312 from 2.9322/9359 previously. The ringgit was also higher against its ASEAN peers. It advanced versus the Indonesian rupiah to 259.5/259.9 from 260.5/260.9 on Wednesday, strengthened against the Singapore dollar to 3.3072/3102 from 3.3074/3115 yesterday, and was up vis-à-vis the Thai baht to 12.9966/13.0513 from 13.0240/0449 previously. The local unit also rose against the Philippine peso to 7.41/7.42 from 7.46/7.48 at yesterday's close.
