GOLD FUTURES END LOWER AMID LACK OF LOCAL CATALYSTS

KUALA LUMPUR, Dec 16 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower today despite the positive performance in US COMEX gold futures due to limited local catalysts, said an analyst.

The spot-month December 2024 contract dropped to US$2,663.90 per troy ounce from US$2,678.30 per troy ounce on Friday, while January 2025 slid to US$2,677.00 per troy ounce from US$2,691.40 per troy ounce previously.

Meanwhile, contracts for February 2025, March 2025 and April 2025 all settled lower at US$2,687.20 per troy ounce from US$2,701.50 last week.

Trading volume increased to 50 lots from 44 lots on Friday, while open interest edged up to 67 contracts from 63 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Dec 13, the price of physical gold stood at US$2,659.05 per troy ounce.

-- BERNAMA