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MARKET • 26/08/2025 09:54 PM

Gold Futures End Higher

KUALA LUMPUR, Aug 26 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher on Tuesday as gold prices hit a more than two-week high after US President Donald Trump said he was removing US Federal Reserve governor Lisa Cook, a move seen as eroding the American central bank's independence and undermining confidence in US assets.

At the close, the spot-month August 2025 contract increased to US$3,378.6 per troy ounce from US$3,364 on Monday. The September 2025 contract rose to US$3,384.0 per troy ounce from Monday’s close of US$3,369.40, while October 2025 strengthened to US$3,413.50 from US$3,398.90 and November 2025 advanced to US$3,430.30 from US$3,415.70.

The December 2025, February 2026 and April 2026 contracts all settled higher at US$3,450.70 per troy ounce compared with US$3,436.10 on Monday.

Trading volume advanced to 12 lots from Monday’s five lots, while open interest narrowed to 32 contracts from 38 contracts previously.

Physical gold was priced at US$3,334.25 per troy ounce based on the London Bullion Market Association’s afternoon fix on Aug 22.

-- BERNAMA

 

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