Gold Futures Close Higher

KUALA LUMPUR, Oct 11 (Bernama) -- Gold futures on Bursa Malaysia Derivatives finished higher today as the US dollar retreated ahead of the US Producer Price Index data release later tonight.

The spot-month October 2024 gold futures contract increased to US$2,645.90 per troy ounce from US$2,625.50 per troy ounce yesterday, while November 2024 improved to US$2,667.70 per troy ounce compared to US$2,647.30 per troy ounce previously.

Meanwhile, the December 2024, January 2025 and February 2025 contracts all settled firmer at US$2,669.10 per troy ounce from US$2,648.70 per troy ounce yesterday.

Trading volume improved to 24 lots from 19 lots yesterday, while open interest widened to 53 contracts from 43 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Oct 10, the price of physical gold stood at US$2,628.95 per troy ounce.

-- BERNAMA