Gold Futures Falls Amid US Rate Hike Concerns

KUALA LUMPUR, June 8 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, tracking the decline in the COMEX performance as fears of a United States (US) rate hike increased following its strong jobs report.

At the close, spot-month June 2026 contract decreased to US$4,296.30 per troy ounce from US$4,484.50 per troy ounce at last Friday’s close; July 2026 dropped to US$4,312.70 per troy ounce from US$4,499.20, and August 2026 fell to US$4,327.40 per troy ounce from US$4,513.90.

The September 2026 contract contracted to US$4,331.90 per troy ounce from US$4,518.40 last Friday, and October 2026 reduced to US$4,351.0 per troy ounce from US$4,522.90 per troy ounce previously.

Trading volume rose to 27 lots against 11 last Friday, while open interest jumped to 78 contracts from 60 contracts previously.

Meanwhile, physical gold was fixed at US$4,365.15 per troy ounce at the London Bullion Market Association’s afternoon fix on June 5, 2026.

-- BERNAMA