Gold Futures End Lower On Positive Signals From US-Ukraine Talks

KUALA LUMPUR, Aug 19 (Bernama) -- Gold futures on Bursa Malaysia Derivatives (BMD) closed lower on Monday, following positive signals from the United States (US)-Ukraine talks, which capped the potential for further gains in gold.

It was reported that discussions between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy prompted the American president to begin arranging talks between Russian President Vladimir Putin and Zelenskyy.

Meanwhile, market players are also waiting for the Federal Open Market Committee (FOMC) meeting minutes, which will be released on Aug 21, as well as US Federal Reserve (Fed) chair Jerome Powell’s speech at the Jackson Hole Symposium on Aug 22.

At the close, the spot-month August 2025 contract fell to US$3,337.40 per troy ounce from US$3,348.50 on Monday.

The September 2025 contract decreased to US$3,342.80 per troy ounce from US$3,353.90 yesterday, October 2025 inched down to US$3,372.20 per troy ounce from US$3,383.30 previously, and November 2025 slipped to US$3,3890 per troy ounce from US$3,400.10.

Meanwhile, the December 2025, February 2026 and April 2026 contracts also settled lower at US$3,408.60 per troy ounce compared with US$3,419.70 on Monday.

Trading volume declined to three lots from 11 lots on Monday, while open interest narrowed to 38 contracts from 45 contracts previously.

Physical gold was priced at US$3,332.40 per troy ounce based on the London Bullion Market Association’s afternoon fix on Aug 18.

-- BERNAMA