Gold Futures Rise On Softer Crude Oil Prices

By Danni Haizal Danial Donald

KUALA LUMPUR, June 9 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher today, as softer oil prices due to easing West Asia tensions supported market sentiment.

At the time of writing, Brent crude oil declined by 1.73 per cent to US$92.62 per barrel.

SPI Asset Management managing partner Stephen Innes said the crude oil–gold relationship remains closely linked, with oil prices continuing to influence the United States (US) interest rate outlook.

“In this case, lower oil prices have helped ease US yields, leaving the broader US dollar softer and allowing the precious metal to grind higher,” he told Bernama.

At the close, spot-month June 2026 contract increased to US$4,346.50 per troy ounce from US$4,296.30 per troy ounce at Monday’s close, July 2026 rose to US$4,358.50 per troy ounce from US$4,312.70 and August 2026 gained to US$4,373.20 per troy ounce from US$4,327.40.

The September 2026 contract strengthened to US$4,377.70 per troy ounce from US$4,331.90 on Monday, and October 2026 expanded to US$4,396.80 per troy ounce from US$4,351.0 per troy ounce previously.

Trading volume eased to 11 lots against 27 on Monday, while open interest slipped to 65 contracts from 78 contracts previously.

Meanwhile, physical gold was fixed at US$4,320.60 per troy ounce at the London Bullion Market Association’s afternoon fix on June 8, 2026.

-- BERNAMA