Gold Futures To Remain Bullish Next Week

KUALA LUMPUR, Oct 11 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to remain bullish next week, driven by economic uncertainty in the United States, which has boosted demand for the metal’s safe-haven appeal.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that silver, platinum and palladium are on the rise, suggesting that traders and investors are seeking refuge in the precious metal space.

“On that note, gold prices should linger around US$3,950 to US$4,000 per ounce next week,” he told Bernama.

On a weekly basis, the spot-month October 2025 contract improved to US$3,998.20 per troy ounce from US$3,872.8 last week, the November 2025 contract strengthened to US$4,014.40 per troy ounce from US$3,891.0 and the December 2025 contract increased to US$4,031.40 per troy ounce from US$3,905.90 previously.

The January 2026 contract was higher at US$4,048.40 per troy ounce from US$3,922.90, while February 2026, April 2026 and June 2026 contracts all settled higher at US$4,065.30 per troy ounce compared with US$3,939.80 per troy ounce last week.

Weekly trading volume jumped to 2,797 lots from 1,328 last week, while open interest widened to 995 contracts from 259 previously.

Physical gold stood at US$4,019.25 per troy ounce based on the London Bullion Market Association’s afternoon fix on Oct 9, 2025.

-- BERNAMA