By Danni Haizal Danial Donald
KUALA LUMPUR, June 22 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher on Monday as market sentiment improved amid signs of progress in the United States–Iran peace deal and further easing of oil prices.
SPI Asset Management managing partner Stephen Innes said the bullion prices are trading more constructively to start the week, holding near US$4,200 per troy ounce.
He said last week’s hawkish Federal Open Market Committee (FOMC) shock is beginning to fade at the margins, allowing gold to stabilise after its recent pressure.
“Therefore, the key test (for markets) now is Friday’s US Personal Consumption Expenditure (PCE) inflation report.
“A higher-than-expected reading would likely revive concerns that the US Federal Reserve may need to keep rates higher for longer, lifting US yields and the greenback and creating a renewed headwind for the bullion,” he told Bernama.
At the close, the spot-month June 2026 contract rose to US$4,209.30 per troy ounce from US$4,170.80 at close last Friday, while the July 2026 contract went up to US$4,223.70 per troy ounce from US$4,184.90. The August 2026 contract increased to US$4,244.80 per troy ounce from US$4,205.50
The September 2026 contract advanced to US$4,249 per troy ounce from US$4,210.00 at the previous close, while the October 2026 and December 2026 contracts stood at US$4,229.10 per troy ounce.
Trading volume decreased to five lots from 21 on Friday, while open interest was down to 71 contracts from 87 previously.
Meanwhile, physical gold was fixed at US$4,150.90 per troy ounce at the London Bullion Market Association afternoon fix on June 19, 2026.
-- BERNAMA
