Gold Futures Market To Turn Cautious Next Week After Yellow Metal's Price Pullback

KUALA LUMPUR, Oct 18 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to see cautious trading next week, with global gold prices pulling back on Friday after hitting an all-time high of about US$4,380 an ounce.

On Friday, gold futures on the local exchange ended higher for the fifth consecutive day.

Meanwhile, global gold prices retreated from the record high following US President Donald Trump’s remark that his proposed 100 per cent tariff on Chinese goods was unsustainable.

On a weekly basis, the spot-month October 2025 contract jumped to US$4,341.60 per troy ounce from US$3,998.20 on Friday last week, the November 2025 contract strengthened to US$4,358.30 per troy ounce from US$4,014.40 previously, and the December 2025 contract increased to US$4,374.30 per troy ounce from US$4,031.40.

The January 2026 contract was higher at US$4,391.30 per troy ounce from US$4,048.40 a week earlier, while the February 2026, April 2026, and June 2026 contracts all settled firmer at US$4,407.20 per troy ounce versus US$4,065.30 at the end of last week.

Weekly trading volume fell to 1,722 lots from 2,797 lots last week, while open interest shrank to 171 contracts from 995 previously.

Physical gold stood at US$4,261.95 per troy ounce based on the London Bullion Market Association’s afternoon fix on Oct 16, 2025.

-- BERNAMA