Gold Futures End Higher On Improved Appetite Amid US Tariff Uncertainty
KUALA LUMPUR, May 30 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher on improved appetite for the precious metal amid renewed market uncertainty amid US tariff policy developments.
This followed a US federal appeals court temporarily reinstating US President Donald Trump’s tariffs after the US Court of International Trade ruled that Trump had exceeded his authority by imposing the tariffs,
The spot-month May 2025 contract rose to US$3,293.60 per troy ounce from US$3,280.80 per troy ounce on Thursday, while the June 2025 contract increased to US$3,312.20 per troy ounce from US$3,295.00 per troy ounce previously.
The July, August and October 2025 contracts climbed to US$3,325.90 per troy ounce from US$3,308.70 per troy ounce yesterday.
Trading volume grew to 91 lots from 77 lots on Thursday, while open interest widened to 139 contracts from 123 contracts.
Physical gold was priced at US$3,312.40 per troy ounce, according to the London Bullion Market Association’s afternoon fix on May 29.
-- BERNAMA