Gold Futures End Lower On Firm US Dollar, Higher Real Yields

By Siti Noor Afera Abu

KUALA LUMPUR, March 6 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Friday due to rising US real yields and a still-firm US dollar.

SPI Asset Management managing partner Stephen Innes said the stronger dollar has absorbed a good portion of the defensive demand that would normally support gold during periods of geopolitical uncertainty. 

“These factors continue to draw haven flows away from bullion and into interest-bearing assets, raising the opportunity cost of holding a non-yielding metal,” he told Bernama.

At the close, the spot-month March 2026 contract decreased to US$5,128.50 per troy ounce from US$5.185.70 on Thursday.

April 2026 eased to US$5,147.00 per troy ounce from US$5,204.20 yesterday, while May 2026 fell to US$5,166.10 per troy ounce from US$5,223.30.

The June and August 2026 contracts also settled lower at US$5,200.00 per troy ounce compared with US$5,257.20 previously.

Trading volume went up to 22 lots from five on Thursday, while open interest widened to 100 contracts from 84 previously. 

Physical gold was fixed at US$5,104.05 per troy ounce at the London Bullion Market Association afternoon fix on March 5, 2026. 

-- BERNAMA