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BUSINESS • 30/12/2024 07:12 PM

Gold Futures End Lower Amid Uncertainties On Fed Monetary Easing Cycle

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 30 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower today clouded by policy uncertainties ahead of the new US administration under President-elect Donald Trump.

SPI Asset Management managing partner Stephen Innes told Bernama that traders are also seeking clearer signals on the US Federal Reserve’s monetary easing cycle.

Higher borrowing costs are typically negative for gold.

The spot-month December 2024 contract decreased to US$2,610.50 per troy ounce from last Friday’s US$2,627.30 and January 2025 went down to US$2,623.60 compared with US$2,650.50 last Friday.

Trading volume totalled 11 lots, lower than the previous 22 lots, while open interest narrowed to 29 contracts from 38 contracts previously.

-- BERNAMA

 

 

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