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MARKET • 02/12/2024 08:38 PM

Gold Futures End Marginally Lower

KUALA LUMPUR, Dec 2 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended marginally lower today, weighed down by a stronger US dollar and profit-taking, as investors awaited crucial United States economic data to assess the Federal Reserve’s next move on monetary policy. 

Spot month contract for December 2024 was lower at US$2,648.80 per troy ounce, the January 2025 contract fell to US$2,656.70 per troy ounce, while February 2025, March 2025, and April 2025 all settled at US$2,672.30 per troy ounce.

Trading volume rose to 40 lots from seven on Friday, while open interest advanced to 55 contracts from 22 previously.

According to the London Bullion Market Association’s afternoon fix on November 29, the price of physical gold stood at US$2,651.05 per troy ounce.

-- BERNAMA

 

 

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