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 • 08/06/2026 08:31 PM

Gold Futures Falls Amid US Rate Hike Concerns

KUALA LUMPUR, June 8 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, tracking the decline in the COMEX performance as fears of a United States (US) rate hike increased following its strong jobs report.

At the close, spot-month June 2026 contract decreased to US$4,296.30 per troy ounce from US$4,484.50 per troy ounce at last Friday’s close; July 2026 dropped to US$4,312.70 per troy ounce from US$4,499.20, and August 2026 fell to US$4,327.40 per troy ounce from US$4,513.90.

The September 2026 contract contracted to US$4,331.90 per troy ounce from US$4,518.40 last Friday, and October 2026 reduced to US$4,351.0 per troy ounce from US$4,522.90 per troy ounce previously.

Trading volume rose to 27 lots against 11 last Friday, while open interest jumped to 78 contracts from 60 contracts previously.

Meanwhile, physical gold was fixed at US$4,365.15 per troy ounce at the London Bullion Market Association’s afternoon fix on June 5, 2026.

-- BERNAMA

 

 

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