KUALA LUMPUR, Nov 15 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher on Friday on renewed buying interest despite persistent strength in the US dollar, tracking slight gains in the US COMEX gold market.
Spot month November 2024 rose to US$2,572.30 per troy ounce from US$2,559.30 per troy ounce yesterday.
Meanwhile, the December 2024, January 2025, February 2025 and April 2025 contracts all settled better at US$2,585.80 per troy ounce against US$2,572.90 previously.
Trading volume narrowed to eight lots from 12 lots on Thursday, while open interest improved to 36 contracts from 31 contracts previously.
According to the London Bullion Market Association’s afternoon fix on Nov 14, the price of physical gold was at US$2,567.30 per troy ounce.
-- BERNAMA
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