Gold Futures Likely To Trade With Positive Bias Next Week

KUALA LUMPUR, Feb 21 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade with a positive bias next week.

RHB Investment Bank Bhd recommends that traders hold on to the long position initiated at US$5,098.50 per troy ounce while to manage the downside risks, the initial stop-loss threshold is fixed at US$4,800 per troy ounce. 

“The first support is marked at US$4,800 per troy ounce, followed by the next one at US$4,550 per troy ounce. Meanwhile, the immediate resistance is at US$5,500 per troy ounce, followed by the higher resistance at US$5,700 per troy ounce,” it said in a research note on Friday. 

On a week-on-week basis, February 2026 rose to US$5,046.30 per troy ounce from US$4,977.30 per troy ounce, and March 2026 increased to US$5,063.30 per troy ounce from US$4,994.30 per troy ounce. 

April and May 2026 improved to US$5,081.10 per troy ounce from US$5,011.90 per troy ounce previously.

The June and August 2026 contracts also settled higher at US$5,115.0 per troy ounce versus US$5,045.80 per troy ounce previously.

Weekly trading volume weakened to 26 lots from 41 lots a week earlier, while open interest declined to 98 contracts from 484 contracts.

The price of physical gold was fixed at US$5,004.80 per troy ounce at the London Bullion Market Association afternoon fix on Feb 19, 2026. 

-- BERNAMA