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MARKET • 22/09/2025 07:09 PM

Gold Futures Ends Higher Amid Fed Rate Cut Expectations

KUALA LUMPUR, Sept 22 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher on Monday, supported by expectations of further interest rate cuts by the United States Federal Reserve (Fed).

SPI Asset Management managing partner Stephen Innes said traders continued to turn to gold as a safe-haven asset, with the prospect of further interest rate cuts by the Fed fueling demand for the precious metal.

"The anticipation of lower yields has driven gold higher into the close, ahead of what market participants expect to be supportive comments from Fed officials," he told Bernama.

The September 2025 contract rose to US$3,727.8 per troy ounce from US$3,660.20 at Friday’s close, while the October 2025 contract increased to US$3,744.6 from US$3,676.60 last week, and the November 2025 contract jumped to US$3,761.4 from US$3,693.40 previously.

The December 2025, February 2026, April 2026 and June 2026 contracts all settled higher at US$3,782.5 per troy ounce versus US$3,714.30 previously.

Trading volume fell to 270 lots from 772 lots on Friday, while open interest slid to 315 contracts from 807 contracts previously.

Physical gold stood at US$3,663.15 per troy ounce based on the London Bullion Market Association’s afternoon fix on Sept 19, 2025.

-- BERNAMA

 

 


 

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