By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Aug 29 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher ahead of the release of the United States (US) Personal Consumption Expenditures (PCE) data later tonight.
“Markets expect the PCE inflation rate to be sustained at 2.6 per cent in July and the core PCE inflation to rise to 2.9 per cent in July, up from 2.8 per cent in June,” SPI Asset Management managing director Stephen Innes told Bernama.
At the close, the spot-month August 2025 contract increased to US$3,407.50 per troy ounce from US$3,402.30 at Thursday’s close.
The September 2025 contract rose to US$3,420.40 per troy ounce from yesterday’s close of US$3,407.70, October 2025 climbed to US$3,449.90 per troy ounce from US$3,437.20 previously, and November 2025 advanced to US$3,466.70 per troy ounce from US$3,454.30.
The December 2025, February 2026 and April 2026 contracts all settled higher at US$3,487.10 per troy ounce compared with US$3,474.40 per troy ounce on Thursday.
Trading volume declined to four lots from 18 lots yesterday while open interest fell to 33 contracts from 49 contracts previously.
Physical gold was priced at US$3,407.65 per troy ounce based on the London Bullion Market Association’s afternoon fix on Aug 28.
-- BERNAMA
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