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MARKET • 03/10/2024 07:53 PM

Gold Futures End Lower As Greenback Strengthens

KUALA LUMPUR, Oct 3 (Bernama) -- Gold futures on Bursa Malaysia Derivatives retreat from its gains to end lower on Thursday, weighed down by the US dollar’s stronger performance.

New spot month October 2024 gold futures contract fell to US$2,655.80 per troy ounce from US$2,667.50 per troy ounce on Wednesday, and November 2024 decreased to US$2,677.10 per troy ounce from US$2,688.80 per troy ounce yesterday.

Meanwhile, the December 2024, January 2025 and February 2025 contracts all settled lower at US$2,677.60 per troy ounce compared with US$2,688.80 per troy ounce previously.

Trading volume decreased to three lots from 14 lots, while open interest narrowed to 20 contracts from 46 contracts previously.

According to the London Bullion Market Association’s afternoon fix on October 2, the price of physical stood at US$2660.95 per troy ounce.

-- BERNAMA

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