Gold Futures Reverse Losses To End Higher

By Danni Haizal Bin Danial Donald

KUALA LUMPUR, June 12 (Bernama) -- Gold futures on Bursa Malaysia Derivatives pared yesterday’s losses to end higher on Friday, in line with firmer US COMEX performance, amid a weakening US dollar.

SPI Asset Management managing partner Stephen Innes said the weaker greenback affected market sentiment and resulted in lower US Treasury yields.

“Bullion is also drawing support from its positive correlation with US equities,” he told Bernama.

At the close, the spot-month June 2026 contract increased to US$4,232.70 per troy ounce from US$4,091.50 per troy ounce at Thursday’s close; July 2026 rose to US$4,249.30 per troy ounce from US$4,106.50, and August 2026 increased to US$4,265.70 per troy ounce from US$4,124.20.

The September 2026 contract rose to US$4,270.20 per troy ounce from US$4,128.70 on Thursday, while the October 2026 contract grew to US$4,289.30 per troy ounce from US$4,147.80 per troy ounce previously.

Trading volume expanded to 22 lots from 18 lots on Thursday, while open interest inched up to 89 contracts from 88 contracts previously.

Meanwhile, physical gold was fixed at US$4,074.85 per troy ounce at the London Bullion Market Association (LBMA) afternoon fix on June 11, 2026.

-- BERNAMA