GOLD FUTURES END HIGHER FOR FOURTH CONSECUTIVE DAY

By Danni Haizal Danial Donald

KUALA LUMPUR, April 14 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher for the fourth straight day of trading today, driven by stronger ringgit and equity market, said an analyst.

SPI Asset Management managing director Stephen Innes said the markets have paused for breath after last week’s turbulence across the United States bonds and foreign exchange.

He noted that the Federal Reserve Bank of Boston president Susan Collins has signalled the preparedness of the US central bank to step in if the US Treasury yields spiral, helping to ease some of the tension.

“For now, gold’s consolidating; and in Malaysia, with both equities and the ringgit finishing stronger, local appetite for the yellow metal naturally cooled off a bit,” he told Bernama.

At the close today, the spot month April 2025 contract increased to US$3,233.40 per troy ounce from US$3,224.0 per troy ounce on Friday, while May 2025 rose to US$3,243.80 per troy ounce against US$3,234.40 per troy ounce before.

June 2025, July 2025, and August 2025 all climbed to US$3,256.30 per troy ounce from US$3,246.80 per troy ounce previously.

Trading volume decreased to 330 lots from 1,193 lots on Friday, while open interest dropped to 364 contracts from 1,232 contracts. 

According to the London Bullion Market Association’s afternoon fix on April 11, physical gold was priced at US$3,230.50 per troy ounce.

-- BERNAMA