Gold Futures End Lower As US Dollar Strengthens

KUALA LUMPUR, July 28 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today as the US dollar strengthened, making gold more expensive for holders of other currencies, thereby reducing demand and weighing on prices.

At the close, the spot-month July 2025 contract slipped to US$3,340.10 per troy ounce from US$3,350.0 last Friday. The August 2025 contract fell to US$3,358.30 per troy ounce from US$3,367.40, and the September 2025 contract dropped to US$3,364.20 per troy ounce from US$3,373.30.

The October 2025, December 2025, and February 2026 contracts also settled lower at US$3,394.30 per troy ounce, compared with US$3,402.60 previously.

Trading volume rose to 37 lots from 34 lots last Friday, while open interest eased to 70 contracts from 71 previously.

Physical gold was priced at US$3,343.50 per troy ounce based on the London Bullion Market Association’s afternoon fix on July 25, 2025.

-- BERNAMA