GOLD FUTURES LIKELY TO TRADE HIGHER AMID HOLIDAY-SHORTENED WEEK

KUALA LUMPUR, Dec 27 (Bernama) -- Gold futures on Bursa Malaysia Derivatives is expected to maintain a positive trading bias next week, tracking gains in the US Commodity Exchange (COMEX) gold amid a holiday-shortened week due to the New Year celebrations.

RHB Investment Bank Bhd said in a note on Friday that after it had notched another all-time high during Friday's early trading session to above US$4,500 per troy ounce, the precious metal may extend its upside movement, testing the next resistance at US$4,700 per troy ounce, followed by US$4,800 per troy ounce.

“Traders are recommended to hold on to the long position initiated at US$3,562.90 (at the close of Sept 2 trading). To manage trading risks, the stop-loss threshold is placed at US$4,000 per troy ounce. The first support is marked at US$4,200 per troy ounce, followed by US$4,000 per troy ounce.

“Conversely, the immediate resistance is pegged at US$4,700 per troy ounce, followed by US$4,800 per troy ounce,” it said.

On a week-on-week basis, the spot-month December 2025 contract edged up to US$4,487.40 per troy ounce from US$4,331.30 per troy ounce previously.

The January 2026 contract rose to US$4,505.10 per troy ounce from US$4,349 per troy ounce a week earlier. February 2026 gained to US$4,520.60 per troy ounce from US$4,364.10 per troy ounce, while March 2026 climbed to US$4,537.30 per troy ounce from US$4,380.80 per troy ounce.

Meanwhile, the April 2026, June 2026 and August 2026 contracts settled higher at US$4,555.30 per troy ounce, compared with US$4,380.80 per troy ounce previously.

Weekly trading volume weakened to 209 lots from 520 lots the week before, while open interest fell to 95 contracts from 149.

Physical gold was fixed at US$4,449.40 per troy ounce at the London Bullion Market Association afternoon fix on Dec 23, 2025.

-- BERNAMA