Gold Futures Rise On Safe Haven Assets Demand

KUALA LUMPUR, Feb 4 (Bernama) -- Gold futures on Bursa Malaysia Derivatives firmed today as investors turned to accumulate safe haven assets following the ongoing US tariff concerns.  

The spot-month February 2025 contract rose to US$2,807.20 per troy ounce from US$2,794.0 per troy ounce on Monday. 

The March 2025 contract also went up to US$2,819.20 per troy ounce from US$2,802.50 per troy ounce yesterday.  

The April 2025, May 2025 and June 2025 contracts held steady at US$2,826.20 per troy ounce from US$2,815.10 per troy ounce. 

Trading volume eased to 34 lots from 53 lots on Monday, while open interest eased to 73 contracts from 78 contracts. 

According to the London Bullion Market Association’s afternoon fix on Feb 3, the price of physical gold stood at US$2,826.10 per troy ounce.

-- BERNAMA