Gold Futures Seen Range-Bound Following US Inflation Data, Rate Outlook

KUALA LUMPUR, Feb 14 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade within a narrow range next week.

Prices are likely to track movements in the US COMEX gold market, with sentiment influenced by yesterday’s US inflation data, as well as expectations over the future direction of US interest rate cuts.

Kenanga Investment Bank Bhd said the focus will be on the US inflation cross-checks, and investors will parse the US Federal Open Market Committee (FOMC) minutes for signals on labour cooling, while inflation numbers remain pivotal for rate repricing.

On a week-on-week basis, February 2026 rose to US$4,977.30 per troy ounce from US$4,877.9 per troy ounce, and March 2026 increased to US$4,994.30 per troy ounce from US$4,895.4 per troy ounce. 

April and May 2026 improved to US$5,011.90 per troy ounce from US$4,912.20 per troy ounce previously.

The June and August 2026 contracts also settled lower at US$5,045.80 per troy ounce versus US$4,912.2 per troy ounce previously.

Weekly trading volume declined to 41 lots from 149 lots a week earlier, while open interest widened to 484 contracts from 151 contracts.

The price of physical gold was fixed at US$5,043.15 per troy ounce at the London Bullion Market Association afternoon fix on Feb 12, 2026. 

-- BERNAMA