KUALA LUMPUR, Jan 23 (Bernama) -- Gold futures on Bursa Malaysia Derivatives rebounded from yesterday’s losses to end the week higher, as market sentiment improved amid a weaker US dollar following threats to the independence of the United States Federal Reserve (Fed).
A dealer said bullion also gained momentum as easing geopolitical risks boosted the safe-haven demand.
According to reports, investors are awaiting US President Donald Trump’s decision on the next Fed Chair to succeed Jerome Powell.
The decision could increase expectations of further interest-rate cuts this year, which may underpin precious metal prices.
At the close, spot month January 2026 contract rose to US$4,914.80 per troy ounce from US$4,835.90 per troy ounce on Thursday, February 2026 increased to US$4,928.00 per troy ounce from US$4,851.50 per troy ounce yesterday, and March 2026 climbed to US$4,945.90 per troy ounce from US$4,870 per troy ounce previously.
The April, June and August 2026 contracts were also higher, settling at US$4,963.70 per troy ounce compared with US$4,887.80 per troy ounce yesterday.
Trading volume advanced to 479 lots from 285 lots on Thursday, while open interest rose to 567 contracts from 352 contracts previously.
Physical gold was fixed at US$4,825.55 per troy ounce at the London Bullion Market Association afternoon fix on Jan 22, 2026.
-- BERNAMA
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