Gold Futures Close Lower For Second Consecutive Day

KUALA LUMPUR, Jan 14 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower for the second consecutive day due to a lack of buying interest.  

Spot month January 2025 contract fell to US$2,672.70 per troy ounce from US$2,689.20 per troy ounce on Monday, while February 2025 contract eased to US$681.90 per troy ounce from US$2,699.10 per troy ounce yesterday.  

The March 2025, April 2025, and June 2025 contracts all closed easier at US$2,690.60 per troy ounce from US$2,706.20 per troy ounce. 

Trading volume declined to 12 lots from 56 lots on Monday, while open interest narrowed to 22 contracts from 71 contracts previously.

According to the London Bullion Market Association’s afternoon fix on January 13, the physical gold price stood at US$2,669.50 per troy ounce.

-- BERNAMA