KUALA LUMPUR, July 8 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher on better demand amid news on the latest United States (US) imposition on tariffs, according to a trader.
News reports meanwhile said US President Donald Trump’s latest statements - warning of new tariffs on countries aligned with BRICS policies and setting an Aug 1 deadline for fresh negotiations with China - have triggered risk-off sentiments in the markets, pushing investors toward safe-haven assets like gold.
The spot-month July 2025 contract rose to US$3,337.80 per troy ounce from US$3,320.80 on Monday, the August 2025 contract gained to US$3,353.20 from US$3,335.90, and the September 2025 contract increased to US$3,368.10 from US$3,350.80 previously.
The October 2025, December 2025 and February 2026 contract each improved to US$3,386.90 from Monday’s US$3,369.60.
Trading volume went up to 31 lots versus 21 lots yesterday, while open interest increased to 61 contracts from 41 contracts previously.
Physical gold was priced at US$3,315.35 per troy ounce, according to the London Bullion Market Association’s afternoon fix on July 7, 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
