By Abdul Hamid A Rahman
KUALA LUMPUR, April 11 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to trend higher next week, potentially approaching US$4,800 amid ongoing geopolitical developments.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said gold prices have been gradually rising as the West Asia crisis has pushed crude oil prices higher.
“This has heightened concerns over inflation, making gold increasingly attractive as a safe-haven investment,” he told Bernama.
On a week-on-week basis, the spot-month April 2026 contract rose to US$4,768.20 per troy ounce from US$4,670.00 per troy ounce recorded in the previous week.
The May 2026 contract improved to US$4,788.70 per troy ounce from US$4,689.30 per troy ounce. The June, July, and August 2026 contracts also finished firmer at US$4,807.30 per troy ounce from US$4,708.60 per troy ounce in the preceding week.
Weekly trading volume rose to 89 lots from 69 lots a week earlier, while open interest improved to 95 contracts from 58 contracts.
Physical gold was fixed at US$4,762.60 per troy ounce at the London Bullion Market Association afternoon fix on April 9, 2026.
-- BERNAMA
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