By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Oct 28 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives fell on Tuesday as global gold prices eased amid reduced demand for safe-haven assets following easing geopolitical tensions in Asia.
SPI Asset Management managing partner Stephen Innes said the decline came after a series of trade agreements inked during US President Donald Trump’s regional tour from Kuala Lumpur to Tokyo which helped temper near-term geopolitical concerns.
“The prospect of reduced trade tension is broadly positive for global growth, which in turn has seen investors rotate out of gold’s safe-haven trade and back toward risk assets,” he told Bernama.
The spot-month October 2025 contract closed at US$3,909.6 per troy ounce, down from US$4,041.1 on Friday, while the November 2025 contract slipped to US$3,926.4 from US$4,057.8 and the December 2025 contract declined to US$3,943.0 from US$4,074.4.
January 2026 futures eased to US$3,960.0 per troy ounce from US$4,091.4, with February, April, and June 2026 contracts also closing lower, settling at US$3,975.9 versus US$4,107.3 previously.
Trading volume rose to 660 lots from 337 lots on Monday, while open interest increased to 717 contracts from 392.
Physical gold was priced at US$3,970.8 per troy ounce, according to the London Bullion Market Association afternoon fix on Oct 27, 2025.
-- BERNAMA
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