Gold Futures Seen Likely To Rise Next Week

By Siti Noor Afera Abu

KUALA LUMPUR, June 14 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trend higher next week, with potential gains estimated in the 2.5 to 3.0 per cent range, according to an analyst.

SPI Asset Management managing partner Stephen Innes said the next 48 to 72 hours will be crucial, with gold prices hinging on whether Middle East tensions escalate or ease.

He noted that even if geopolitical concerns subside, gold is likely to remain supported by rising expectations of a US Federal Reserve policy shift, especially if weak US labour data strengthens the disinflation narrative. “Given the current volatility, I anticipate gold will trade within a broader range than usual,” he told Bernama.

On a Friday-to-Friday basis, the spot month June 2025 contract increased to US$3,430.2 per troy ounce from US$3,371.80, and the July 2025 contract went up to US$3,438.7 per troy ounce from US$ 3,371.80 per troy ounce. The August 2025, September and October 2025 contracts all strengthened to US$3,458.2 per troy ounce from US$3,393.80.

Trading volume increased to 260 lots from 241 lots recorded in the preceding week, while open interest reduced to 50 contracts from 122 contracts.

According to the London Bullion Market Association’s afternoon fix on June 12, physical gold was priced at US$3,391.40 per troy ounce.

-- BERNAMA