Gold Futures Rebound On Fed Rate Cut Expectations

KUALA LUMPUR, Aug 13 (Bernama) -- Gold futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, mirroring gains in the US COMEX gold market amid growing expectations of a US Federal Reserve (Fed) interest rate cut.

At the close, the spot-month August 2025 contract rose to US$3,364.10 per troy ounce from US$3,351.70 at Tuesday's close.

The September 2025 contract advanced to US$3,369.80 per troy ounce from US$3,357.40, October 2025 improved to US$3,399.20 per troy ounce from US$3,385.90, and November 2025 climbed to US$3,416.60 per troy ounce from US$3,403.30.

Meanwhile, the December 2025, February 2026 and April 2026 contracts also settled firmer at US$3,436.10 per troy ounce compared with US$3,422.80 previously.

Trading volume slipped to 21 lots from 24 lots yesterday, while open interest increased to 54 contracts from 50 contracts previously.

Physical gold was priced at US$3,343.30 per troy ounce based on the London Bullion Market Association’s afternoon fix on Aug 12.

-- BERNAMA