Gold Futures Close Higher Tracking Gains In COMEX, LBMA Prices

KUALA LUMPUR, May 25 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today, tracking gains in US COMEX and the London Bullion Market Association (LBMA) gold benchmarks amid a weakening US dollar and improved investor sentiment on hopes of easing geopolitical tensions between the United States and Iran.

At the close, the spot-month May 2026 contract rose to US$4,572.80 per troy ounce from US$4,531.60 per troy ounce last Friday, while the June 2026 contract increased to U$4,589.80 per troy ounce from U$4,548.60 per troy ounce previously.

The July 2026, August 2026 and October 2026 contracts all settled higher at US$4,604.00 per troy ounce from US$4,562.80 per troy ounce on Friday.

Trading volume however eased to seven lots from 23 lots Friday, while open interest slid to 69 contracts from 89 contracts previously.

Physical gold was fixed at US$4,506.15 per troy ounce at the LBMA’s afternoon fix on May 22, 2026.

-- BERNAMA