By Zairina Zainudin
KUALA LUMPUR, Sept 11 -- The gold futures contract on Bursa Malaysia Derivatives remained lower for the second consecutive day today as improved risk appetite for riskier assets continue to weigh on demand for the precious metal, said Phillip Futures Sdn Bhd dealer Lee Pei Wan.
“Gold is still under pressure. The market will focus on the US Producer Price Index to be reported later that could determine where gold settles this week,” she told Bernama.
Spot month September 2019, October 2019, November 2019 and December 2019 were pegged at RM199.40, RM199.70, RM200.10 and RM201.30 per gramme, respectively.
Volume stood at four lots worth RM80,760 compared with eight lots valued at RM161,980 yesterday, while open interest widened marginally to 123 contracts from 121 contracts previously.
At 5 pm, the price of physical gold increased 29 sen to RM194.04 a gramme.