Gold Futures Close Lower Amid Cautious Market Sentiment

KUALA LUMPUR, Jan 17 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower today amid cautious market sentiment. 

Spot month January 2025’s contract fell to US$2,702.70 per troy ounce from US$2,708.90 per troy ounce on Thursday, while February 2025 went down to US$2,711.20 from US$2,717.40 per troy ounce yesterday.  

March 2025, April 2025, and June 2025 contracts all closed lower at US$2,719.30 from US$2,725.50 per troy ounce yesterday.    

Trading volume decreased to 40 lots from 57 on Thursday, while open interest narrowed to 78 contracts from 86 contracts yesterday. 

According to the London Bullion Market Association’s afternoon fix on Jan 16, the physical gold price stood at US$2,716.50 per troy ounce.

-- BERNAMA