|COVID–19 NEWS||China's CoronaVac Vaccine Safe: Azerbaijani acting Health Minister | EMCO in 16 localities in Sg Ruan, seven in Sempalit, Pahang from May 8-21 | KWP identifies bazaars, malls visited by COVID-19 positive individuals, close contacts | Malaysians in north and west India to be brought back home - Hishammuddin | Kelantan opens eighth PKRC at Gelanggang Seni - Exco ||
By Sharifah Pirdaus Syed Ali
KUALA LUMPUR, May 3 -- The gold futures contract on Bursa Malaysia Derivatives ended untraded on lack of interest despite the better performance of the benchmark US COMEX gold futures, said a dealer.
Phillip Futures Sdn Bhd dealer Lee Pei Wan said COMEX gold futures are edging higher on Monday on a weaker US dollar which failed to hold onto its earlier gains against a basket of major currencies while slightly lower Treasury yields are also providing some support.
“The market remained cautious while waiting for a series of US economic data to be released this week and a speech by Federal Reserve chairman Jerome Powell later today for market direction,” she told Bernama.
At the close, Bursa Malaysia’s gold futures contract for May 2021 stood at RM233.0 a gramme, June 2021 remained at RM225.0 a gramme, July 2021 at RM230.0 a gramme and August 2021 at RM235.0 a gramme.
Volume remained nil while open interest stood at eight contracts.
At 5 pm, the price of physical gold fell seven sen to RM226.59 a gramme from RM225.39 a gramme last Friday.