Gold Futures Close Lower On Strengthening US Dollar

KUALA LUMPUR, Oct 15 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower today, weighed down by the US dollar’s stronger performance.

The spot month October 2024 contract slid to US$2,661.30 per troy ounce from US$2,668.10 per troy ounce yesterday, while November 2024 dropped to US$2,683.10 per troy ounce compared to US$2,689.90 per troy ounce previously.

Meanwhile, the December 2024, January 2025 and February 2025 contracts all settled easier at US$2,684.50 per troy ounce compared with US$2,691.30 per troy ounce yesterday.

Trading volume rose to 13 lots from five lots on Monday, while open interest surged to 33 contracts from 14 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Oct 14, the price of physical gold stood at US$2,654.90 per troy ounce.

-- BERNAMA