Gold Futures Close Lower, Reflecting US COMEX Trend

KUALA LUMPUR, Dec 19 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower today, tracking the subdued performance of US COMEX gold futures.

The spot month December 2024 contract dropped to US$2,621.30 per troy ounce from US$2,650.60 per troy ounce on Wednesday, while January 2025 sank to US$2,634.40 per troy ounce from US$2,663.70 per troy ounce previously.

Meanwhile, contracts for February 2025, March 2025 and April 2025 all settled lower at US$2,644.60 per troy ounce from US$2,673.90 yesterday.

Trading volume rose to 57 lots from six lots on Wednesday, while open interest surged to 75 contracts from 21 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Dec 18, the price of physical gold stood at US$2,635.65 per troy ounce.

-- BERNAMA