KUALA LUMPUR, May 14 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower today in tandem with the losses in US COMEX, said an analyst.
According to reports, gold futures experienced a decline, influenced by easing US-China trade tensions and reduced safe-haven demand.
“Gold futures are experiencing downward pressure due to improved global trade relations and easing inflation concerns,” the report stated.
At today’s close, the spot month May 2025 contract decreased to US$3,240.90 per troy ounce from US$3,263.50, and June 2025 eased to US$3,253.90 from US$3,276.50 at yesterday’s close.
The July 2025, August 2025, and October 2025 contracts fell to US$3,267.60 per troy ounce from US$3,276.50 per troy ounce on Tuesday.
Trading volume surged to 213 lots from 87 lots yesterday, while open interest increased to 234 contracts from 129 contracts previously.
According to the London Bullion Market Association’s afternoon fix on May 13, physical gold was priced at US$3,227.95 per troy ounce.
-- BERNAMA
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