By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Nov 29 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to trade higher next week as prevailing data points appear to support the possibility of a US Federal Reserve interest rate cut in December.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the safe-haven asset is likely to be well supported at US$4,150 to US$4,170 per troy ounce next week.
On a Thursday to Friday basis, the spot-month November 2025 contract rose to US$4,155.30 per troy ounce from US$4,058.20 per troy ounce, the December 2025 contract edged higher to US$4,172.60 per troy ounce against US$4,076.30 per troy ounce, and the January 2026 contract strengthened to US$4,188.50 per troy ounce from US$4,092.50 per troy ounce a week earlier.
Meanwhile, February 2026, April 2026 and June 2026 all settled higher at US$4,204.80 per troy ounce versus US$4,108.90 per troy ounce previously.
Weekly trading volume decreased to 245 lots from 256 lots last week, while open interest increased to 181 contracts from 150 contracts a week ago.
Physical gold was priced at US$4,153.95 per troy ounce, according to the London Bullion Market Association afternoon fix on Nov 27, 2025.
-- BERNAMA
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