Gold Futures Close Lower Following Trump’s Tariff Bombshell
KUALA LUMPUR, April 4 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives (BMD) ended the week on a lower note, in line with international gold prices following Donald Trump’s mid-week tariff announcements, analysts said.
The announcements triggered a sharp selloff in equities and safe-haven gold due to heightened uncertainty on the implications of tariff moves with gold prices falling to their lowest level in a week.
At the close today, spot month April 2025 slid to US$3,105.20 per troy ounce from US$3,134.60 per troy ounce on Thursday.
May 2025 eased to US$3,118.00 per troy ounce against US$3,147.40 per troy ounce yesterday.
June 2025, July 2025 and August 2025 all dropped to US$3,126.80 per troy ounce from US$3,160.20 troy ounce previously.
Trading volume fell to 114 lots from 191 lots yesterday, while open interest narrowed to 141 contracts from 262 contracts previously.
According to the London Bullion Market Association’s afternoon fix on April 3, physical gold was priced at US$3,118.10 per troy ounce.
-- BERNAMA