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MARKET • 25/09/2024 08:17 PM

Gold Futures Rise For 5th Straight Day

KUALA LUMPUR, Sept 25 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives extended its gains for the fifth consecutive day, supported by continued optimism on lower US interest rates.

The September 2024 gold futures contract rose to US$2,658.50 per troy ounce, up from US$2,632.70  on Tuesday. The October 2024, November 2024, December 2024, February 2025 and April 2025 contracts all settled higher at US$2,671.50 per troy ounce, compared with US$2,645.70 previously.

Trading volume increased to 35 lots from eight lots yesterday while open interest rose to 80 contracts from 49 contracts previously.

According to the London Bullion Market Association’s afternoon fix on September 24, the price of physical stood at US$2,635.95 per troy ounce.

-- BERNAMA

 

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