Gold Futures End Higher On Expectation Of Interest Rate Cut

KUALA LUMPUR, Dec 3 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher today, supported by a softer greenback amid growing expectations of a United States (US) interest rate cut next week.

Signs of a modest slowdown in the latest US data have reinforced market expectations of a rate cut at the Federal Reserve’s Dec 9-10 meeting, supported by policy-easing projections from major brokerages.

The spot-month December 2025 contract rose to US$4,215.90 per troy ounce from US$4,214.30 yesterday, January 2026 increased to US$4,231.60 per troy ounce from US$4,230.50, February 2026 edged up to US$4,247.60 per troy ounce from US$4,243.80, and March 2026 climbed to US$4,264.30 per troy ounce from US$4,260.50.

The April and June 2026 contracts also settled higher at US$4,282.70 per troy ounce compared to US$4,278.10 per troy ounce previously.

Trading volume grew to 75 lots from 61 on Monday, while open interest slipped to 145 contracts from 147 previously.

Physical gold was priced at US$4,214.75 per troy ounce, according to the London Bullion Market Association afternoon fix on Dec 2, 2025.

-- BERNAMA