LATEST NEWS   The investment is similar to what other countries have undertaken to facilitate the restructuring of their critical industry players like Singapore's Sembcorp and South Korea's Daewoo Shipbuilding - PNB | The investment is critical in facilitating the completion of one of the largest debt restructuring exercises in Malaysia, involving some of the largest banks - PNB | The investment will help prevent the liquidation of SEB, which would result in the fire sale of strategic national oil and gas assets, domestically and globally - PNB | SEB has more than 2,000 vendors, many of which are SMEs employing about 59,000 core employees in the oil and gas industry - PNB | Investment by Malaysia Development Holdings Sdn Bhd in SEB will be exclusively used to repay local vendors, without benefitting any existing SEB shareholders or financial creditors - PNB | 
MARKET • 25/02/2025 07:10 PM

Gold Futures Lower Amid Escalating US-China Trade Tensions

KUALA LUMPUR, Feb 25 (Bernama) -- Gold futures on Bursa Malaysia Derivatives fell on Tuesday amid concerns over US trade tariffs and worsening US-China relations.

The spot-month February 2025 contract slipped to US$2,938.80 per troy ounce from US$2,947.50 on Monday, while the March 2025 contract decreased to US$2,943.90 from US$2,952.60 previously.  

Similarly, the April, May and June 2025 contracts fell to US$2,954.30 per troy ounce from Monday’s US$2,962.80.

Trading volume, however, rose to 51 lots from 10  lots yesterday, while open interest widened to 63 contracts from 22 contracts previously.  

According to the London Bullion Market Association’s afternoon fix on Feb 24, physical gold was priced at US$2,931.90 per troy ounce.

-- BERNAMA

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