By Danni Haizal Danial Donald
KUALA LUMPUR, Oct 1 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended stronger on Wednesday, tracking a global market rally as prices soared to a new all-time high of US$3,893.06 an ounce.
SPI Asset Management managing director Stephen Innes said the ongoing political deadlock in the United States (US) and expectations of the US Federal Reserve to ease interest rates have led to a slightly weaker US dollar, all of which has boosted gold attractiveness.
“The metal is steadily advancing toward a new all-time high, with US$3,900 an ounce now clearly within reach,” he told Bernama.
The new spot month October 2025 contract rose to US$3,902.70 per troy ounce from US$3,818.0 on Tuesday, November 2025 increased to US$3,920.90 from US$3,836.2, while the December 2025 contract went up to US$3,936.20 from US$3,854.6 previously.
The February 2026, April 2026, and June 2026 contracts all settled higher at US$3,970.10 per troy ounce versus US$3,854.6 on Tuesday, while January 2026 was at US$3,953.20 per troy ounce.
The trading volume jumped to 309 lots from 106 from yesterday's close, while open interest grew to 349 contracts from 155 previously.
Physical gold stood at US$3825.30 per troy ounce based on the London Bullion Market Association’s afternoon fix on Sept 30, 2025.
-- BERNAMA
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