Gold Futures End Lower, Tracking Global Price Decline

KUALA LUMPUR, Oct 22 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today, tracking the sharp overnight decline in global gold prices as investors booked profits following recent gains.

CIMB Investment Bank Bhd said in a note today that gold recorded its sharpest decline in five years as investors engaged in profit-taking following recent gains.

The bank noted that the S&P 500 was little changed overnight while gold tumbled 5.3 per cent to US$4,125 per ounce, marking its steepest daily drop in half a decade amid easing United States-China tensions after Donald Trump signalled optimism for a fair trade deal with Chinese President Xi Jinping.

It also said that Trump postponed plans for a summit with Russian President Vladimir Putin after Moscow rejected calls for an immediate ceasefire in Ukraine, clouding prospects for renewed negotiations.

The spot-month October 2025 contract contracted to US$4,080.30 per troy ounce from US$4,274.60, the November 2025 contract eased to US$4,097.00 from US$4,291.30, and the December 2025 note fell to US$4,113.90 from US$4,308.20 at yesterday’s close.

The January 2026 contract weakened to US$4,130.90 per troy ounce from US$4,325.20, while the February 2026, April 2026, and June 2026 contracts all settled lower at US$4,147.20 versus US$4,341.50 previously.

Trading volume escalated to 1,111 lots from 124 lots on Tuesday, while open interest rose to 1,151 contracts from 164 contracts previously. 

The physical gold price was US$4,169.60 per troy ounce based on the London Bullion Market Association’s afternoon fix on Oct 21, 2025. 

-- BERNAMA