Gold Futures End Lower Ahead Of US-Russia Meeting

KUALA LUMPUR, Aug 15 (Bernama) -- Gold futures on Bursa Malaysia Derivatives (BMD) closed lower on Friday, mirroring the US COMEX gold market, as investors await the outcome of the meeting between US President Donald Trump and his Russian counterpart, President Vladimir Putin.

At the close, the spot-month August 2025 contract fell to US$3,344.10 per troy ounce from US$3,358.20 yesterday.

The September 2025 contract dropped to US$3,349.50 per troy ounce from US$3,363.90 on Thursday, October 2025 slipped to US$3,378.90 per troy ounce from US$3,393.0, and November 2025 declined to US$3,395.70 per troy ounce from US$3,410.70 previously.

Meanwhile, the December 2025, February 2026 and April 2026 contracts also settled lower at US$3,415.20 per troy ounce compared with US$3,430.20 previously.

Trading volume fell to four lots from 20 lots yesterday, while open interest narrowed to 38 contracts from 47 contracts previously.

Physical gold was priced at US$3,343.85 per troy ounce based on the London Bullion Market Association’s afternoon fix on Aug 14.

-- BERNAMA