Gold Futures Ends Lower, Tracking Losses In US Comex

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Feb 5 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Thursday tracking losses in the US COMEX gold market.

The precious metal’s price was also pressured by renewed strength in the US dollar as global markets shifted into a more defensive stance.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the greenback strengthened as the US Dollar Index (DXY) gained momentum amid signs of profit-taking following mixed US economic data.

At the time of writing, the US DXY rose 0.18 per cent to 97.81.

Meanwhile at the close, the spot month February 2026 contract eased to US$4,892 per troy ounce from US$5,110, March 2026 eased to US$4,909.50 per troy ounce from US$5,127.50 and April 2026 decreased to US$4,926.30 per troy ounce from US$5,144.30 on Wednesday.

The May, June and August 2026 contracts also weakened, settling at US$4,926.30 per troy ounce, compared with US$5,144.30 yesterday.

Trading volume rose to 35 lots from 14 lots yesterday, while open interest increased to 126 contracts from 111 contracts previously.

The price of physical gold was fixed at US$4,985.10 per troy ounce at the London Bullion Market Association afternoon fix on Feb 4, 2026. 

-- BERNAMA