Gold Futures Extend Losses Amid Rate Hike Concerns

KUALA LUMPUR, June 11 (Bernama) -- Gold futures on Bursa Malaysia Derivatives extended their losses to close lower on Thursday, tracking softer US COMEX performance as market sentiment was weighed down by growing concerns over the Federal Reserve interest rate hike following higher inflation.

At the close, the spot-month June 2026 contract decreased to US$4,091.50 per troy ounce from US$4,180.30 per troy ounce at Wednesday’s close, July 2026 fell to US$4,106.50 per troy ounce from US$4,195.30, and August 2026 slipped to US$4,124.20 per troy ounce from US$4,211.0.

The September 2026 contract dropped to US$4,128.70 per troy ounce from US$4,215.50 on Wednesday, while the October 2026 contract fell to US$4,147.80 per troy ounce from US$4,234.60 per troy ounce previously.

Trading volume slid to 18 lots from 26 lots on Wednesday, while open interest increased to 88 contracts from 77 contracts previously.

Meanwhile, physical gold was fixed at US$4,170.95 per troy ounce at the London Bullion Market Association (LBMA) afternoon fix on June 10, 2026.

-- BERNAMA