Local Gold Futures End Higher In Line With US Market

KUALA LUMPUR, Nov 27 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today, mirroring the positive momentum in the United States COMEX gold market.

Spot month November 2024 advanced to US$2,651.60 per troy ounce from US$2,622.90 per troy ounce yesterday.

Contracts for December 2024, January 2025, February 2025 and April 2025 all settled higher at US$2,664.50 per troy ounce against US$2,635.80 previously.

Trading volume fell to seven lots from 84 lots on Tuesday, while open interest shrank to 23 contracts from 101 previously.

According to the London Bullion Market Association’s afternoon fix on Nov 26, the price of physical gold stood at US$2,622.10 per troy ounce.

-- BERNAMA