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 • 04/02/2025 09:10 PM

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

 

 

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