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MARKET • 02/04/2025 07:48 PM

Gold Futures On BMD Close Higher In Line With COMEX Gold Performance

KUALA LUMPUR, April 2 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives (BMD) closed higher on Tuesday, tracking the COMEX gold performance. 

According to reports quoting analysts and traders, gold prices are expected to hit record high due to the risk of import tariffs curtailing shipments to the United States (US).

At the close today, new spot month April 2025 improved to US$3,142.00 per troy ounce from US$3,080.20 per troy ounce last Friday, and May 2025 increased to US$3,152.00 per troy ounce against US$3,090.20 per troy ounce last week. 

June 2025, July 2025 and August 2025 strengthened to US$3,164.80 per troy ounce from US$3,090.20 troy ounce previously.

Trading volume edged up to 35 lots from 32 lots on last Friday, while open interest expanded to 113 contracts from 78 contracts previously. 

The Malaysian markets were closed for the Hari Raya Aidilfitri public holiday on Monday and Tuesday.

According to the London Bullion Market Association’s afternoon fix on April 1, physical gold was priced at US$3,133.70 per troy ounce. 

-- BERNAMA

 

 

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