Gold Futures End Lower

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 26 (Bernama) -- Gold futures on Bursa Malaysia Derivatives finished lower on Thursday despite persisting uncertainty over US tariff policy and US-Iran negotiations.

US Trade Representative Jamieson Greer reportedly said the US tariff rate for some countries will rise to 15 per cent or higher from 10 per cent. He did not, however, name any specific trading partner.

Meanwhile, US and Iranian officials are in Geneva, Switzerland today for a third round of indirect nuclear talks.

SPI Asset Management managing partner Stephen Innes told Bernama that gold was notably choppy today, oscillating within a relatively tight range as traders grapple with uncertainty over whether tensions with Iran will escalate further. 

At the close, the spot-month February 2026 contract decreased to US$5,183.80 per troy ounce from US$5,190.30 yesterday.

March weakened to US$5,202.80 per troy ounce from US$5,209.30 on Wednesday, while both April and May declined to US$5,221.00 per troy ounce from US$5,227.50.

The June and August 2026 contracts also settled lower at US$5,254.90 per troy ounce, up from US$5,261.40 previously.

Trading volume tumbled to nine lots from 19 on Wednesday, while open interest slid to 86 contracts from 101 previously. 

Physical gold was fixed at US$5,191.55 per troy ounce at the London Bullion Market Association afternoon fix on Feb 25, 2026. 

-- BERNAMA