Gold Futures Lower Amid Escalating US-China Trade Tensions

KUALA LUMPUR, Feb 25 (Bernama) -- Gold futures on Bursa Malaysia Derivatives fell on Tuesday amid concerns over US trade tariffs and worsening US-China relations.

The spot-month February 2025 contract slipped to US$2,938.80 per troy ounce from US$2,947.50 on Monday, while the March 2025 contract decreased to US$2,943.90 from US$2,952.60 previously.  

Similarly, the April, May and June 2025 contracts fell to US$2,954.30 per troy ounce from Monday’s US$2,962.80.

Trading volume, however, rose to 51 lots from 10  lots yesterday, while open interest widened to 63 contracts from 22 contracts previously.  

According to the London Bullion Market Association’s afternoon fix on Feb 24, physical gold was priced at US$2,931.90 per troy ounce.

-- BERNAMA