Gold Futures Close Higher On Weaker US Dollar
KUALA LUMPUR, Jan 7 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today, driven by a weaker US dollar, as traders remained cautious about President-elect Donald Trump's tariff plans and awaited US jobs data to assess the Federal Reserve's interest rate trajectory.
The spot month January 2025 contract rose to US$2,655.10 per troy ounce compared with US$2,644.40 on Monday and February 2025 advanced to US$2,666.20 compared with US$2,655.50 per troy ounce yesterday.
March 2025, April 2025, and June 2025 all settled higher at US$2,675.0 per troy ounce from US$2,664.30 previously.
Trading volume improved to 25 lots from seven lots on Monday, while open interest slipped to 14 contracts from 30 contracts previously.
According to the London Bullion Market Association’s afternoon fix on Jan 6, the price of physical gold stood at US$2,633.35 per troy ounce.
-- BERNAMA