LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 
MARKET • 29/05/2026 09:04 PM

Gold Futures Close Higher, Supported By Weaker US Dollar

KUALA LUMPUR, May 29 (Bernama) -- Gold prices traded higher today as a weaker US dollar lent support to bullion prices, analysts said.

However, easing geopolitical tensions in West Asia and persistent concerns over US inflation and the US Federal Reserve's interest rate outlook limited gains.

At the close, the spot-month May 2026 contract rose to US$4,525.80 per troy ounce from US$4,405.00 per troy ounce on Thursday, while the June 2026 contract increased to US$4,553.30 per troy ounce from US$4,422.00 per troy ounce.

The July 2026, August 2026 and October 2026 contracts all settled higher at US$4,567.00 per troy ounce from US$4,435.70 per troy ounce previously.

Trading volume expanded to 34 lots against 12 lots on Thursday, while open interest rose to 98 contracts from 72 contracts previously.

Meanwhile, the physical gold was fixed at US$4,419.45 per troy ounce at the London Bullion Market Association’s afternoon fix on May 28, 2026.

-- BERNAMA

 

 

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