By Abdul Hamid A Rahman
KUALA LUMPUR, Oct 25 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are likely to trade cautiously next week, hovering within a narrow range of US$4,050 to US$4,100 per ounce as market participants reassess positions amid ongoing profit-taking.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that spot gold prices continued their downward correction this week, easing to US$4,055.86 per ounce as traders and investors booked profits following recent gains.
“Thus far, prices have fallen about 6.8 per cent from the recent high of US$4,356.30. A 10 per cent correction from that peak would suggest potential downside towards US$3,920.67 per ounce to complete the adjustment phase,” he told Bernama.
Meanwhile, in the US, the consumer price index (CPI) for September released last night, marked the first major economic report since the government shutdown on Oct 1.
According to reports, the latest data showed that the core CPI rose to 330.54 in September from 329.79 in the previous month, while the overall inflation rate eased to 3.0 per cent, which is lower than expected.
The CPI release is the final significant data point the US Federal Reserve will get before it makes its interest rate decision next week.
On a weekly basis, the spot-month October 2025 contract slid to US$4,074.10 per troy ounce from US$4,341.60 on Friday last week, the November 2025 contract fell to US$4,090.80 per troy ounce versus US$4,358.30 previously, and the December 2025 contract decreased to US$4,107.40 per troy ounce against US$4,374.30 a week ago.
The January 2026 contract dipped to US$4,124.40 per troy ounce from US$4,391.30 a week earlier, while the February 2026, April 2026, and June 2026 contracts all settled weaker at US$4,140.30 per troy ounce versus US$4,407.20 at the end of last week.
Weekly trading volume edged up to 1,798 lots from 1,722 lots last week, while open interest rose to 346 contracts from 171 contracts previously.
Physical gold stood at US$4,143.75 per troy ounce based on the London Bullion Market Association’s afternoon fix on Oct 23, 2025.
-- BERNAMA
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