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GOLD FUTURES CLOSE LOWER, TRACKING US COMEX GOLD MARKET

17/12/2024 07:38 PM


From Abdul Hamid A Rahman

KUALA LUMPUR, Dec 17 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today, tracking the lacklustre performance of the US COMEX gold futures.

The spot-month December 2024 contract declined to US$2,643.30 per troy ounce from US$2,663.90 per troy ounce on Monday, while January 2025 dipped to US$2,656.40.00 per troy ounce from US$2,677.00 per troy ounce previously.

Meanwhile, contracts for February 2025, March 2025 and April 2025 all settled lower at US$2,666.60.20 per troy ounce from US$2,687.20 yesterday.

Trading volume dipped to 26 lots from 50 lots on Monday, while open interest sank to 39 contracts from 67 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Dec 16, the price of physical gold stood at US$2,654.20 per troy ounce.

-- BERNAMA

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