Gold Futures End Lower As Investors Shift Focus, Diverging From COMEX Gains

KUALA LUMPUR, Nov 26 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower today, contrary to the positive trend seen in the United States COMEX gold market.

An analyst attributed this decline to investors shifting their focus to other asset classes.

Spot month November 2024 dropped to US$2,622.90 per troy ounce from US$2,673.00 per troy ounce yesterday.

Contracts for December 2024, January 2025, February 2025 and April 2025 all settled lower at US$2,635.80 per troy ounce against US$2,687.30 previously.

Trading volume increased to 84 lots from 23 lots on Monday, while open interest rose to 101 contracts from 44 previously.

According to the London Bullion Market Association’s afternoon fix on November 25, the price of physical gold stood at US$2,635.40 per troy ounce.

-- BERNAMA