KUALA LUMPUR, May 26 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today, weighed down by United States President Donald Trump’s postponement of tariff imposition on the European Union (EU).
Trump decided to defer the planned 50 per cent tariffs on EU goods to July 9, giving both sides more time to negotiate a deal.
Spot month May 2025 contract went down to US$3,331.20 per troy ounce from US$3,336.50 per troy ounce last Friday, while the June 2025 contract weakened to US$3,344.70 per troy ounce from US$3,349.70 per troy ounce previously.
The July, August, and October 2025 contracts eased to US$3,358.40 per troy ounce from US$3,363.40 per troy ounce previously.
Trading volume declined to 23 lots from 45 lots last Friday, while open interest slipped to 74 contracts from 82 contracts.
Physical gold was priced at US$3,342.65 per troy ounce, according to the London Bullion Market Association’s afternoon fix on May 23.
-- BERNAMA
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