Gold Futures Edge Up Amid Subdued Trading
KUALA LUMPUR, Jan 31 (Bernama) -- Gold futures on Bursa Malaysia Derivatives edged higher today, amid subdued trading, reflecting a slightly positive momentum in the US COMEX gold market.
The spot-month January 2025 contract rose to US$2,791.50 per troy ounce, up from US$2,745.70 at Tuesday’s close. The February 2025 contract remained unchanged at US$2,754.10 per troy ounce, matching Tuesday’s closing price.
The March 2025, April 2025, and June 2025 contracts also held steady at US$2,762.60 per troy ounce.
Trading volume dropped to zero lots, from 17 on Tuesday, while open interest fell to 25 contracts from 43 previously.
According to the London Bullion Market Association’s afternoon fix on 30 January, the price of physical gold stood at US$2,787.25 per troy ounce.
-- BERNAMA