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MARKET • 05/12/2024 09:23 PM

Gold Futures Close Higher Ahead Of US Non-farm Payrolls Data

KUALA LUMPUR, Dec 5 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed slightly higher today ahead of US non-farm payrolls data tomorrow that could influence the interest rate trajectory in the United States.

The spot-month contract for December 2024, as well as the January 2025 note, were marginally higher at US$2,656.90 and US$2,656.90 per troy ounce, respectively, while February 2025, March 2025 and April 2025 all settled at US$2,680.60.

Trading volume fell to one lot from nine lots on Wednesday while open interest dropped to 20 contracts from 64 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Dec 4, the price of physical gold stood at US$2,648.65 per troy ounce.

-- BERNAMA

 

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