Gold Futures Seen Rebounding Next Week On Softer US Data Expectations

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 15 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade on a firmer footing next week, with traders eyeing a rebound within the US$4,160 to US$4,210 per troy ounce range.

SPI Asset Management managing partner Stephen Innes said the reopening of the United States government will release a backlog of key data, including jobs and inflation indicators, which markets expect to come in softer.

“Weaker US figures would likely push Treasury yields lower, revive expectations of early-2026 rate cuts and give gold room to recover after being pressured by higher real yields.

“The recent dip for the yellow metal appeared to be a positioning clean-up rather than a change in the broader trend,” he told Bernama.

Innes added that the outlook for bullion remains positive, with investors watching US real yields, the dollar’s softness and the scale of the upcoming data releases.

If the numbers point to a cooling US economy, he said, gold would be well placed to rebound next week.

Week-on-week, the spot-month November 2025 contract rose to US$4,177.30 per troy ounce from US$4,022.60 per troy ounce, the December 2025 contract increased to US$4,194.50 per troy ounce against US$4,039.90 per troy ounce, and the January 2026 contract rose to US$4,213.10 per troy ounce from US$4,058.60 per troy ounce a week earlier.

Meanwhile, the February 2026, April 2026 and June 2026 contracts all settled higher at US$4,228.10 per troy ounce versus US$4,074.50 per troy ounce at the end of last week.

Weekly trading volume dipped to 274 lots from 379 lots last week, while open interest rose to 218 contracts from 132 contracts previously.

Physical gold was priced at US$4,195.65 per troy ounce, according to the London Bullion Market Association afternoon fix on Nov 13, 2025.

-- BERNAMA