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MARKET • 04/12/2024 09:48 PM

Gold Futures End Lower

KUALA LUMPUR, Dec 4 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed slightly lower today, as traders remained on the sidelines.

They were awaiting the upcoming United States jobs data and comments from Federal Reserve Chair Jerome Powell for insights into the central bank’s policy outlook.

Spot month contracts for December 2024 and January 2025 were lower at US$2,654.20 per troy ounce and US$2,654.20 per troy ounce, respectively, while February 2025, March 2025, and April 2025 all settled at US$2,678.0 per troy ounce.

Trading volume shed to nine lots from 15 lots on Tuesday, while open interest rose to 64 contracts from 35 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Dec 3, the price of physical gold stood at US$2,640.65 per troy ounce.

-- BERNAMA

 

 

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