Gold Futures Likely To Trade Slightly Higher Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 8 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade slightly higher next week, supported by the stabilisation of gold around US$4,000 per troy ounce.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said spot gold prices have been lingering around US$4,000 per troy ounce after hitting multiple all-time highs in the past month.

“What it means is that there has been a correction in gold prices, and it is settling at around its support level.

“Should the prospect of a rate cut by the United States Federal Reserve in December become clearer, I suppose gold prices could resume their upward trend,” he told Bernama.

Week-on-week, the spot-month November 2025 contract added to US$4,022.60 per troy ounce versus US$4,022 per troy ounce earlier, the December 2025 contract increased to US$4,039.90 per troy ounce against US$4,039.30 per troy ounce a week ago, and the January 2026 contract rose to US$4,058.60 per troy ounce from US$4,056.30 per troy ounce a week earlier.

Meanwhile, the February 2026, April 2026, and June 2026 contracts all settled higher at US$4,074.50 per troy ounce versus US$4,072.20 per troy ounce at the end of last week.

Weekly trading volume dipped to 379 lots from 1,953 lots last week, while open interest eased to 132 contracts from 300 contracts previously.

Physical gold was priced at US$3,986.50 per troy ounce, according to the London Bullion Market Association afternoon fix on Nov 6, 2025.

-- BERNAMA