By Danni Haizal Danial Donald
KUALA LUMPUR, March 17 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended slightly higher on Tuesday, tracking gains in the US COMEX gold market.
SPI Asset Management managing partner Stephen Innes said the bullion has been confined in a tight range, trading between US$4,995 and US$5,035 per troy ounce.
“The market is weighed by a gradual shift toward a more hawkish central bank outlook re-entering market pricing. Markets have largely moved to a ‘no cuts in 2026’ baseline, keeping real yields elevated and capping gold’s upside.
“That said, the US Federal Reserve is still expected to stop short of an outright return to interest rate hikes,” he told Bernama.
At the close, the spot-month March 2026 contract inched up to US$5,026.90 per troy ounce from US$5,000.10 on Monday, April 2026 edged up to US$5,046.30 per troy ounce from US$5,018.90 yesterday, and May 2026 improved to US$5,067.60 per troy ounce from US$5,038.20 previously.
The June, August and September 2026 contracts also settled higher at US$5,101.50 per troy ounce compared with US$5,072.10 on Monday.
Trading volume rose to 35 lots from 15 lots on Monday, while open interest widened to 105 contracts from 89 contracts previously.
Physical gold was fixed at US$4,994.85 per troy ounce at the London Bullion Market Association afternoon fix on March 16, 2026.
-- BERNAMA
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