Gold Futures Close Lower Ahead Of US Inflation Data

KUALA LUMPUR, March 11 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Tuesday on caution ahead of US inflation data tomorrow.

The US consumer price index for February will be released on Wednesday.

The spot-month March 2025 contract dipped to US$2,916.90 per troy ounce from US$2,917.70 on Monday, while April 2025 retreated to US$2,925.90 from US$2,927.50.

The May 2025, June 2025, and August 2025 notes all dropped to US$2,935.90 per troy ounce from US$2,936.70 per troy ounce on Monday.  

The trading volume rose to 253 lots from 141 lots, while open interest advanced to 318 contracts from 201 contracts. 

According to the London Bullion Market Association’s afternoon fix on March 10, physical gold was priced at US$2910.20 per troy ounce. 

-- BERNAMA