KUALA LUMPUR, Feb 28 (Bernama) -- Gold futures on Bursa Malaysia Derivatives continued to fall on Friday, pressured by a firm US dollar following US President Donald Trump’s announcement of proposed 25 per cent tariffs on Mexican and Canadian goods and an additional 10 per cent duty on Chinese imports.
The spot-month February 2025 contract slipped to US$2,861.40 per troy ounce from US$2,891.80 on Thursday, while the March 2025 contract decreased to US$2,867.20 from US$2,896.90 previously.
The April, May and June 2025 contracts all fell to US$2,879.90 per troy ounce from Thursday’s US$2,909.60.
Trading volume fell to 32 lots from 94 lots yesterday, while open interest narrowed to 37 contracts from 128 contracts previously.
According to the London Bullion Market Association’s afternoon fix on Feb 27, physical gold was priced at US$2,880.80 per troy ounce.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
