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MARKET • 19/11/2024 08:40 PM

Gold Futures Extend Gains Amid Softer US Dollar

KUALA LUMPUR, Nov 19 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives extended its uptrend driven by a softer US dollar that boosted demand for the non-yielding metal.

Spot month November 2024 rose to US$2,636.30 per troy ounce from US$2,597.70 per troy ounce on Monday.

Meanwhile, contracts for December 2024, January 2025, February 2025 and April 2025 all settled at US$2,649.30 per troy ounce against US$2,611.10 previously.

Trading volume rose to 10 lots from one lot yesterday, while open interest jumped to 34 contracts from 26 contracts previously.

According to the London Bullion Market Association’s afternoon fix on November 18, the price of physical gold stood at US$2,606.85 per troy ounce.

-- BERNAMA

 

 

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