Gold Futures Close Higher, Tracking COMEX’s Stronger Performance


KUALA LUMPUR: The gold futures contract on Bursa Malaysia Derivatives ended higher on Friday, tracking the stronger performance of COMEX gold futures.

At the end of trading, the August 2024 contract rose to US$2,484.30 per troy ounce from US$2,480.90 at yesterday’s close. The September 2024, October 2024, November 2024, December 2024, and February 2025 notes all settled higher at US$2,488.0 per troy ounce against US$2,484.60 previously.

The volume increased to 90 lots from 75 lots yesterday, while open interest surged to 135 contracts from 91 contracts previously.

The price of physical gold stood at US$2,446.65 per troy ounce, according to the London Bullion Market Association’s afternoon fix on Aug 15.

Source:BERNAMA News Agency

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