Gold Futures End Lower As Investors Prepare For Data-heavy Week
KUALA LUMPUR, Sept 30 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives continued its downtrend on Monday as investors prepare for a week filled with important data.
The ISM Manufacturing Purchasing Managers’ Index (PMI) and the United States job openings will be released tomorrow, followed by the US Automatic Data Processing employment report on Wednesday.
The US Jobless Claims figures and the US ISM Services PMI will be announced on Thursday, while on Friday, the US non-farm payroll data will be unveiled.
At home, the September 2024 gold futures contract fell to US$2,650.20 per troy ounce from US$2,661.60 on Friday.
Meanwhile, the October 2024, November 2024, December 2024, February 2025 , and April 2025 contracts all settled weaker at US$2,664.70 per troy ounce, compared with US$2,675.10 on Friday.
Trading volume decreased to 12 lots from 54 lots, while open interest narrowed to 45 contracts from 71 contracts previously.
According to the London Bullion Market Association’s afternoon fix on September 27, the price of physical stood at US$2,661.85 per troy ounce.
-- BERNAMA