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Gold Futures Close Lower On Profit-Taking As US-China Tensions Ease

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 27 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives fell on Monday as another round of profit-taking hit the market, with signs of easing US-China trade tensions reducing safe-haven demand.

SPI Asset Management managing partner Stephen Innes told Bernama that the easing of trade tensions has reduced the risk factors that previously boosted gold prices, leading investors to take profits ahead of key central bank meetings.

The spot-month October 2025 contract closed at US$4,041.1 per troy ounce, down from US$4,074.10 on Friday, while the November 2025 contract slipped to US$4,057.8 from US$4,090.80 and the December 2025 contract declined to US$4,074.4 from US$4,107.40.

January 2026 futures eased to US$4,091.4 per troy ounce from US$4,124.40, with February, April, and June 2026 contracts also closing lower, settling at US$4,107.3 versus US$4,140.30 previously.

Trading volume rose to 337 lots from 275 lots on Friday, while open interest increased to 392 contracts from 346.

Physical gold was priced at US$4,104.40 per troy ounce, according to the London Bullion Market Association afternoon fix on Oct 24, 2025.

-- BERNAMA