Gold Futures Close Lower Amid Quiet Market Ahead Of Festive Period

KUALA LUMPUR, Dec 24 (Bernama) -- Gold futures ended lower on Tuesday, reflecting a lack of market interest ahead of the Christmas and New Year celebrations.

The spot-month December 2024 contract dropped to US$2,618.10 per troy ounce from US$2,630.60 on Monday, while January 2025 went down to US$2,631.20 from US$2,643.70.

The contracts for February 2025, March 2025 and April 2025 all settled lower at US$2,641.40 per troy ounce from US$2,653.90 yesterday.

Trading volume was nil compared to four lots on Monday, while open interest narrowed to 16 contracts from 23 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Dec 23, the price of physical gold stood at US$2,613.80 per troy ounce.

-- BERNAMA