By Siti Noor Afera Abu
KUALA LUMPUR, March 6 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Friday due to rising US real yields and a still-firm US dollar.
SPI Asset Management managing partner Stephen Innes said the stronger dollar has absorbed a good portion of the defensive demand that would normally support gold during periods of geopolitical uncertainty.
“These factors continue to draw haven flows away from bullion and into interest-bearing assets, raising the opportunity cost of holding a non-yielding metal,” he told Bernama.
At the close, the spot-month March 2026 contract decreased to US$5,128.50 per troy ounce from US$5.185.70 on Thursday.
April 2026 eased to US$5,147.00 per troy ounce from US$5,204.20 yesterday, while May 2026 fell to US$5,166.10 per troy ounce from US$5,223.30.
The June and August 2026 contracts also settled lower at US$5,200.00 per troy ounce compared with US$5,257.20 previously.
Trading volume went up to 22 lots from five on Thursday, while open interest widened to 100 contracts from 84 previously.
Physical gold was fixed at US$5,104.05 per troy ounce at the London Bullion Market Association afternoon fix on March 5, 2026.
-- BERNAMA
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