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 • 25/07/2025 08:33 PM

Gold Futures End Week Lower On Firm US Jobs Data, Upbeat Trade Sentiment

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, July 25 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ends lower on Friday, weighed by strong United States (US) jobs data and improving risk sentiment surrounding trade, said an analyst.

SPI Asset Management managing partner Stephen Innes said optimism is building around a potential US-European Union trade deal and a broader Asia-Pacific accord that could include Malaysia.

“The yellow metal is facing headwinds from a stronger dollar and a rotation into risk assets,” he told Bernama.

At the close, the spot-month July 2025 contract slipped to US$3,350.0 per troy ounce from US$3,366.8 per troy ounce on Thursday, the August 2025 contract fell to US$3,367.4 per troy ounce from US$3,385.1, and the September 2025 contract dropped to US$3,373.3 per troy ounce from US$3,391.0.

The October 2025, December 2025, and February 2026 contracts also settled lower at US$3,402.6 per troy ounce from US$3,420.3 previously.

Trading volume inched up to 34 lots from 31 lots, while open interest decreased to 71 contracts from 74 yesterday.

Physical gold was priced at US$3,365.85 per troy ounce based on the London Bullion Market Association’s afternoon fix on July 24, 2025.

-- BERNAMA

 

 

More News

Categories

Tags