Gold Futures Close Higher

KUALA LUMPUR, Jan 15 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives ended higher on Wednesday ahead of a key US inflation report later today, said a dealer.

The dealer said the inflation report would offer clues to investors on the US Federal Reserve’s monetary easing path. 

Spot month January 2025 contract rose to US$2,692.30 per troy ounce from US$2,672.70 on Tuesday, while February 2025 contract went up to US$2,701.50 per troy ounce from US$2,681.90 yesterday.  

The March 2025, April 2025, and June 2025 contracts all closed higher at US$2,710.20 per troy ounce from US$2,690.60.  

Trading volume increased to 47 lots from 12 on Tuesday, while open interest widened to 69 contracts from 22 yesterday. 

According to the London Bullion Market Association’s afternoon fix on Jan 14, the physical gold price was US$2,667.0 per troy ounce.

-- BERNAMA