Thin Trading In Gold Futures Likely To Persist Into Next Week
KUALA LUMPUR, Dec 28 (Bernama) -- Trading of gold futures contracts on Bursa Malaysia Derivatives is likely to remain subdued next week due to the lack of significant interest.
The market will be closed for the New Year holiday on Wednesday and resume operations the next day.
On a Friday-to-Friday basis, the spot-month December 2024 contract ended the week higher at US$2,627.30 per troy ounce from US$2,607.00 per troy ounce last week, and the January 2025 contract rose to US$2,640.40 per troy ounce from US$2,620.10 previously.
The February 2025, March 2025, and April 2025 notes also settled higher at US$2,650.50 per troy ounce from US$2,630.30 per troy ounce last week.
Volume fell by more than half, dropping to 60 lots from 144 lots last week, while open interest widened to 38 contracts from 24 contracts previously.
-- BERNAMA