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MARKET • 13/11/2024 08:11 PM

Gold Futures Rebound To Finish Higher

KUALA LUMPUR, Nov 13 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher today ahead of the United States (US) inflation data for October, mirroring gains in the US COMEX gold market.

Spot month November 2024 rose to US$2,617.20 per troy ounce from US$2,602.70 per troy ounce yesterday.

Meanwhile, the December 2024, January 2025, February 2025 and April 2025 contracts all settled higher at US$2,630.70 per troy ounce compared to US$2,616.10 previously.

Trading volume stood at 10 lots, same as yesterday's, while open interest widened to 26 contracts from 22 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Nov 12, the price of physical gold was at US$2,606.85 per troy ounce.

-- BERNAMA

 

 

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