Gold Futures Extend Losses To Finish Lower

KUALA LUMPUR, Nov 12 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today amid a stronger US dollar, while tracking losses in the US COMEX gold market.

Spot month November 2024 fell to US$2,602.70 per troy ounce from US$2,674.10 per troy ounce on Monday.

Meanwhile, the December 2024, January 2025, February 2025 and April 2025 contracts all settled lower at US$2,616.10 per troy ounce from US$2,687.00 yesterday.

Trading volume improved to 10 lots from five lots yesterday, while open interest widened to 22 contracts compared to 18 previously.

According to the London Bullion Market Association’s afternoon fix on Nov 11, the price of physical gold was at US$2,624.75 per troy ounce.

-- BERNAMA