By Abdul Hamid A Rahman
KUALA LUMPUR, July 4 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower on Friday as cautious investors booked profits ahead of the US tariff deal deadline on July 9.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the approaching tariff deal deadline has triggered market repositioning, as traders weighed the potential implications on trade dynamics and the broader market sentiment. “The uncertainty surrounding the possible resumption of tariffs has led some investors to lock in gains, especially as renewed trade tensions could eventually feed into inflation and policy responses,” he told Bernama.
The spot-month July 2025 contract fell to US$3,351.30 per troy ounce from US$3,364.20, while August 2025 dropped to US$3,366.40 from US$3,379.70, and the September 2025 contract slid to US$3,381.30 from US$3,394.60. The October and December 2025 contracts both eased to US$3,400.10 from Thursday’s US$3,413.40, respectively.
Trading volume elevated to 48 lots versus 40 lots previously, while open interest increased to 84 contracts from 65 contracts.
Physical gold was priced at US$3,332.15 per troy ounce according to the London Bullion Market Association’s afternoon fix on July 3, 2025.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
