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MARKET • 16/05/2025 09:29 PM

Gold Futures Climb On Demand For Safe-haven Assets

KUALA LUMPUR, May 16 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today as investors turned to safe-haven assets despite losses on the US COMEX, an analyst said.

The spot month May 2025 contract increased to US$3,218.10 per troy ounce from US$3,174.80, and June 2025 expanded to US$3,232.0 from US$3,187.80 at yesterday’s close.

The July 2025, August 2025 and October 2025 contracts rose to US$3,245.7 per troy ounce from US$3,201.50.

Trading volume fell to 283 lots from 567 lots yesterday, while open interest dropped to 49 contracts from 601 contracts previously.

According to the London Bullion Market Association’s afternoon fix on May 15, physical gold was priced at US$3,191.05 per troy ounce.

-- BERNAMA

 

 

 

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