KUALA LUMPUR, Oct 22 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed marginally lower amidst continued concerns over escalating geopolitical tensions, the United States (US) election uncertainties as well as the slower pace of US interest rate cuts, analysts said.
Spot month October 2024 eased to US$2,738.70 per troy ounce from US$2,741.40 per troy ounce on Monday, while November 2024 fell to US$2,753.70 per troy ounce from US$2,756.40 per troy ounce previously.
Meanwhile, the December 2024, January 2025 and February 2025 contracts all settled lower at US$2,761.80 per troy ounce compared with US$2,764.50 per troy ounce yesterday.
Trading volume increased to 30 lots from 14 lots on Monday, while open interest expanded to 48 contracts from 38 contracts previously.
According to the London Bullion Market Association’s afternoon fix on Oct 21, the price of physical gold stood at US$2,736.45 per troy ounce.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
