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MARKET

Gold futures contract ends unchanged

05/04/2021 08:06 PM

KUALA LUMPUR, April 5 -- The gold futures contract on Bursa Malaysia Derivatives remained unchanged for the ninth trading day today due to lacklustre demand for the precious metal. 

Phillip Futures Sdn Bhd dealer Carmen Yoon said the US COMEX gold futures prices, however, held steady buoyed by concerns over inflation after US President Joe Biden announced a US$2 trillion-plus jobs plan last week, with a stronger dollar and elevated US Treasury yields limited bullion's upside. 

At the close, Bursa Malaysia’s gold futures contract for April and May 2021 both stood at RM233.00 a gramme, respectively.

June 2021 remained at RM225.00 a gramme and July 2021 stood at RM230.00 a gramme.

Volume remained nil while open interest stood at 10 contracts.

At 5 pm, the price of physical gold fell 36 sen to RM222.15 per gramme from RM222.51 per gramme on Friday.

 -- BERNAMA

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