Gold Futures Close Higher For Third Consecutive Day

KUALA LUMPUR, Jan 9 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher for the third consecutive day today, boosted by a lower-than-anticipated United States (US) private employment report, which hinted that the US Federal Reserve may be less cautious about easing rates this year.

Spot-month January 2025 contract rose to US$2,676.30 per troy ounce, up from US$2,666.90 on Wednesday, while February 2025 contract advanced to US$2,687.40, compared with US$2,678.00 yesterday.

The March 2025, April 2025, and June 2025 contracts also closed higher at US$2,696.30 per troy ounce, from US$2,686.90 previously.

Trading volume rose to 20 lots from three lots on Wednesday, while open interest widened to 34 contracts from 14 contracts previously.

According to the London Bullion Market Association’s afternoon fix on January 8, physical gold was US$2,659.65 per troy ounce.

-- BERNAMA