LATEST NEWS   Pakistan asks the United States and Iran to stick to the temporary ceasefire after Saturday's peace talks in Islamabad end without a deal | Selangor Sultan calls on Haj pilgrims to maintain discipline, obey rules in the Holy Land, protect Malaysia's good name | 10,000 traders under KL City Hall (DBKL) supervision receive 50 percent reduction in site rental rates until 2027 - Hannah Yeoh | Selangor Sultan advises prospective Haj pilgrims to control spending in the Holy Land, especially in an uncertain global economic situation | 
MARKET • 24/12/2024 07:54 PM

Gold Futures Close Lower Amid Quiet Market Ahead Of Festive Period

KUALA LUMPUR, Dec 24 (Bernama) -- Gold futures ended lower on Tuesday, reflecting a lack of market interest ahead of the Christmas and New Year celebrations.

The spot-month December 2024 contract dropped to US$2,618.10 per troy ounce from US$2,630.60 on Monday, while January 2025 went down to US$2,631.20 from US$2,643.70.

The contracts for February 2025, March 2025 and April 2025 all settled lower at US$2,641.40 per troy ounce from US$2,653.90 yesterday.

Trading volume was nil compared to four lots on Monday, while open interest narrowed to 16 contracts from 23 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Dec 23, the price of physical gold stood at US$2,613.80 per troy ounce.

-- BERNAMA
 

More News

Categories

Tags