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MARKET

Gold futures end untraded

21/07/2021 08:26 PM

KUALA LUMPUR, July 21 -- The gold futures contract on Bursa Malaysia Derivatives remained untraded at the close on Wednesday on lack of buying interest, said a dealer.

Phillip Futures Sdn Bhd dealer Carmen Yoon Kar Min said the US COMEX gold prices were on track for a second session of declines as a stronger dollar and rebound in US Treasury yields contended with the metal's safe-haven status.

"Gold price is expected to trade on the downside as the US dollar and bond rallied due to the rapid spread of the COVID-19 Delta variant," she said.

At the close, spot month July 2021 stood at RM230.00 a gramme while August 2021, September 2021 and spot month October 2021 all stood at RM255.00 a gramme.

Volume was nil while open interest stood at five contracts.

At 5 pm, the price of physical gold went up RM1.07 to RM237.84 a gramme from RM236.77 a gramme on Monday. 

-- BERNAMA

 

 


 


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