GOLD FUTURES EXPECTED TO MAINTAIN POSITIVE BIAS NEXT WEEK

KUALA LUMPUR, Jan 3 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to maintain a positive bias next week, tracking gains on the US Commodity Exchange (COMEX).

RHB Investment Bank Bhd (RHB IB) said in a note on Friday it would retain a positive trading bias, provided prices remain above the US$4,000 per troy ounce level.

The bank said an interim resistance at US$4,600 per troy ounce suggests gold may enter a consolidation phase, with support seen near US$4,200 per troy ounce.

“At this stage, both the 20- and 50-day simple moving average lines remain upward trending and continue to provide downside support.

“Traders should maintain the long position initiated at US$3,562.90 per troy ounce, the closing price on Sept 2, 2025. To manage risk, the stop-loss level is set at US$4,000 per troy ounce,” RHB IB said.

The first support is seen at US$4,200 per troy ounce, with lower support at US$4,000, it said. Immediate resistance is pegged at US$4,600 per troy ounce, with higher resistance at US$4,800.

On a week-on-week basis, the January 2026 contract eased to US$4,401.8 per troy ounce from US$4,505.10 a week earlier, while February 2026 slipped to US$4,417.3 from US$4,520.60 and March 2026 declined to US$4,433.9 from US$4,537.30.

The April, June and August 2026 contracts also settled lower at US$4,451.9 per troy ounce, compared with US$4,555.30 previously.

Weekly trading volume rose to 441 lots from 209 a week earlier, while open interest increased to 151 contracts from 95.

Physical gold was fixed at US$4,367.8 per troy ounce at the London Bullion Market Association afternoon fix on Dec 30, 2025.

-- BERNAMA