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By Zairina Zainudin
KUALA LUMPUR, March 25 -- The gold futures contract on Bursa Malaysia Derivatives remained untraded for the second consecutive day due to weak interest.
Phillip Futures Sdn Bhd dealer Muhammad Fawwaz Zakaria said the benchmark COMEX gold futures, meanwhile, traded lower compared with the previous session.
“Gold prices edged lower Thursday as a stronger US dollar overshadowed support from lower bond yields and worries that lockdowns across Europe would take a toll on the pace of economic recovery.
“Gold is expected to trade between US$1,710 and US$1,750 per ounce till end of the day,” he told Bernama.
At the close, Bursa Malaysia’s gold futures for contract months March 2021, April 2021 and May 2021 all stood at RM233.00 a gramme, while June 2021 remained at RM225.00 a gramme.
Volume remained nil while open interest stood at 10 contracts.
At 5 pm, the price of physical gold rose 94 sen to RM223.19 per gramme from RM222.25 per gramme yesterday.