Gold Futures Slip As Muted Interest, Profit-Taking Weigh On Prices
KUALA LUMPUR, Feb 17 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower as market interest remained subdued.
An analyst said some investors took profits after a two-day uptrend driven by safe-haven demand amid concerns over the tariff war.
The spot-month February 2025 contract eased to US$2,913.60 per troy ounce from US$2,932.20 on Friday, while the March 2025 contract fell to US$2,920.70 from US$2,939.30.
April, May and June 2025 contracts declined to US$2,929.00 per troy ounce from Friday’s US$2,946.70.
Trading volume shrank to 17 lots from 48 on Friday, while open interest narrowed to 74 contracts from 104.
According to the London Bullion Market Association’s afternoon fix on February 14, physical gold was priced at US$2,921.25 per troy ounce.
-- BERNAMA