Gold Futures Close Higher On Better Demand
KUALA LUMPUR, July 8 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher on better demand amid news on the latest United States (US) imposition on tariffs, according to a trader.
News reports meanwhile said US President Donald Trump’s latest statements - warning of new tariffs on countries aligned with BRICS policies and setting an Aug 1 deadline for fresh negotiations with China - have triggered risk-off sentiments in the markets, pushing investors toward safe-haven assets like gold.
The spot-month July 2025 contract rose to US$3,337.80 per troy ounce from US$3,320.80 on Monday, the August 2025 contract gained to US$3,353.20 from US$3,335.90, and the September 2025 contract increased to US$3,368.10 from US$3,350.80 previously.
The October 2025, December 2025 and February 2026 contract each improved to US$3,386.90 from Monday’s US$3,369.60.
Trading volume went up to 31 lots versus 21 lots yesterday, while open interest increased to 61 contracts from 41 contracts previously.
Physical gold was priced at US$3,315.35 per troy ounce, according to the London Bullion Market Association’s afternoon fix on July 7, 2025.
-- BERNAMA