Gold Futures End Lower On Softer Greenback, US-Iran Uncertainty

KUALA LUMPUR, Feb 27 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower on Friday amid a softer greenback and uncertainty concerning the US-Iran nuclear deal.

It was reported that the United States and Iranian officials met in Geneva, Switzerland, yesterday for a third round of indirect nuclear talks, but the discussions ended without a deal. Another round of talks is set to be held in Vienna next week.

At the close, the spot-month February 2026 contract decreased to US$5,174.10 per troy ounce from US$5,183.80 yesterday.

March weakened to US$5,200.30 per troy ounce from US$5,202.80 on Thursday, while both April and May declined to US$5,218.50 per troy ounce from US$5,221.00.

The June and August 2026 contracts also settled lower at US$5,252.40 per troy ounce, down from US$5,254.90 previously.

Trading volume tumbled to seven lots from nine on Thursday, while open interest climbed to 116 contracts from 86 previously. 

Physical gold was fixed at US$5,167.35 per troy ounce at the London Bullion Market Association afternoon fix on Feb 26, 2026. 

-- BERNAMA