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