LATEST NEWS   The ringgit is likely to trade sideways, with an end-of-year forecast of RM4.45 against the US dollar - AmBank chief economist | BNM will maintain its accommodative stance and keep the OPR steady through at least 1H2025 - AmBank chief economist | Malaysia’s GDP growth is expected to moderate to 4.6 pct in 2025, supported by infrastructure projects, private investment realisations and strong private consumption - AmBank chief economist | The KLIA aerotrain is set to resume in Q2, with no impact on Malaysia's ASEAN chairmanship - MAHB Managing Director | 

Gold Futures End Higher

KUALA LUMPUR, Dec 3 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended marginally higher today amid cautious sentiment as investors awaited the US consumer price index (CPI) report next week before picking a direction.

A dealer said the trend remained bullish amid the US Federal Reserve’s easing cycle, but the short-term corrections will likely be triggered by the repricing in rate cut expectations.

Spot month contracts for December 2024 and January 2025 were higher at US$2,658.50 per troy ounce and US$2,658.50 per troy ounce, respectively, while February 2025, March 2025, and April 2025 all settled at US$2,682.10 per troy ounce.

Trading volume shed to 15 lots from 40 lots on Monday, while open interest reduced to 35 contracts from 55 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Dec 2, the price of physical gold stood at US$2,642.15 per troy ounce.

-- BERNAMA