Gold Futures End Lower As Fed’s Hawkish Cut Triggers Profit-taking

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 30 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower on Thursday as traders and investors locked in profits following the United States Federal Reserve’s (Fed) latest policy decision, which was seen as a “hawkish cut”.

SPI Asset Management managing partner Stephen Innes said the Fed delivered a 25-basis-point rate cut but signalled caution on further easing, catching some traders off guard.

“This prompted gold prices to tumble from above US$4,000 to near US$3,900 before recovering during the Asian session,” he told Bernama.

The spot-month October 2025 contract closed at US$4,005.8 per troy ounce, down from US$4,019.7 on Tuesday. The November 2025 contract eased to US$4,022.0 from US$4,035.4, and the December 2025 contract decreased to US$4,039.3 from US$4,052.7.

The January 2026 futures inched down to US$4,056.3 per troy ounce from US$4,069.7, with February, April, and June 2026 contracts also closing lower, settling at US$4,072.2 versus US$4,085.6 previously.

Trading volume slipped to 274 lots from 470 lots yesterday, while open interest eased to 392 contracts from 577.

Physical gold was priced at US$4,006.70 per troy ounce, according to the London Bullion Market Association afternoon fix on Oct 29, 2025.

-- BERNAMA