LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 
MARKET • 15/01/2025 08:37 PM

Gold Futures Close Higher

KUALA LUMPUR, Jan 15 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives ended higher on Wednesday ahead of a key US inflation report later today, said a dealer.

The dealer said the inflation report would offer clues to investors on the US Federal Reserve’s monetary easing path. 

Spot month January 2025 contract rose to US$2,692.30 per troy ounce from US$2,672.70 on Tuesday, while February 2025 contract went up to US$2,701.50 per troy ounce from US$2,681.90 yesterday.  

The March 2025, April 2025, and June 2025 contracts all closed higher at US$2,710.20 per troy ounce from US$2,690.60.  

Trading volume increased to 47 lots from 12 on Tuesday, while open interest widened to 69 contracts from 22 yesterday. 

According to the London Bullion Market Association’s afternoon fix on Jan 14, the physical gold price was US$2,667.0 per troy ounce.

-- BERNAMA

 

 


 

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