Gold Futures Rebound To Close Higher

KUALA LUMPUR, Feb 24 (Bernama) -- Gold futures on Bursa Malaysia Derivatives rebounded from Friday’s fall to end higher on Monday, boosted by easing US-China trade tensions and weaker US economic data.

The spot-month February 2025 contract rose to US$2,947.50 per troy ounce from US$2,926.40 on Friday, while the March 2025 contract increased to US$2,952.60 from US$2,933.30 previously.  

Similarly, the April, May and June 2025 contracts appreciated to US$2,962.80 per troy ounce from Friday’s US$2,943.50.

Trading volume, however, fell to 10 lots from 62 lots on Friday, while open interest fell to 22 contracts from 109 contracts previously.  

According to the London Bullion Market Association’s afternoon fix on Feb 21, physical gold was priced at US$2,934.15 per troy ounce.

-- BERNAMA