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GOLD FUTURES END HIGHER, BUOYED BY EXPECTATIONS SURROUNDING US CPI DATA

11/09/2024 08:16 PM

KUALA LUMPUR, Sept 11 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher today in anticipation of tonight’s release of the United States (US) Consumer Price Index (CPI).

The September 2024 contract rose to US$2,531.70 per troy ounce from US$2,510.30 per troy ounce on Tuesday.  

The October 2024, November 2024, December 2024, February 2025, and April 2025 contracts all settled higher at US$2,544.00 per troy ounce compared to US$2,522.60 per troy ounce previously.  

Volume decreased to 14 lots from 27 lots on Tuesday, while open interest edged down to 68 contracts from 71 contracts previously.

The price of physical gold stood at US$2,506.30 per troy ounce, according to the London Bullion Market Association’s afternoon fix on September 10.

-- BERNAMA

 

 

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