Gold Futures Hold Steady Ahead Of FOMC Meeting

KUALA LUMPUR, Sept 17 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives remained steady at the close today ahead of the United States Federal Open Market Committee (FOMC) meeting on September 17-18.

The September 2024 contract rose to US$2,584.10 per troy ounce from US$2,575.00 per troy ounce last Friday.  

The October 2024, November 2024, December 2024, February 2025, and April 2025 contracts all settled higher at US$2,596.40 per troy ounce compared with US$2,587.30 per troy ounce previously.  

Volume was down to two lots from 14 lots on Friday, while open interest declined to 69 contracts from 74 contracts.

Markets were closed on Monday, Sept 16, 2024, in observance of Prophet Muhammad’s birthday and the Malaysia Day public holiday.

The price of physical gold stood at US$2,584.00 per troy ounce, according to the London Bullion Market Association’s afternoon fix on September 16.

-- BERNAMA