Trending News: Ba Ria – Vung Tau aims for sustainable husbandry with hi-techOpposition Can Propose New MoU Draft For Allocations – DPM FadillahVietnamese communities in Hong Kong, Macau extend support to flood-affected regions at homeVietnamese community joins hands for Czech Republic’s flood relief effortsReduced DMW budget for 2025 to hurt programs for OFWs: solonVice President attends fourth Eurasian Women’s ForumPenang To Discuss Assistance For Flood VictimsParty General Secretary, President receives Cuban ambassadorMusang King Durian Brand Protected For Another Decade – Mohamad SabuUN Special Rapporteur highly values Vietnam’s progressVietnam urges CLMV countries to boost economic cooperationVietnam’s tech giant opens third office in JapanTay Ninh attracts 22 new FDI projects so far this yearVietnam supports UNGA’s resolution regarding occupied Palestinian territoriesAhmad Zahid Joins Thousands In Kluang Berselawat ProgrammeVietnam, Singapore promote economic, technology, investment connectivityNAFAS Launches Liquid Fertiliser Peladang 25MIHAS 2024: Tun Abdullah Receives Special Halal Development Excellence AwardUSM Opens Doors For Underprivileged Students With Flexible Fee PlansAnwar Calls On FAM To Provide Plan, KPI For Harimau Malaya – KBSATBC: Malaysia Strikes Double Gold In BangkokChina Open: Yew Sin-Ee Yi Cruise Into Men’s Doubles QuarterfinalsACL 2: Selangor Hold Muangthong Utd in Group H OpenerFormer Investment Banker Charged With Unlicensed Fund Management, MisrepresentationPM Makes Personal Donation To Perlis Flood VictimsUNESCO-listed rice-fish-duck ecosystem benefits SW China’s GuizhouMalaysia Firm In Defending Sovereignty, Resolving Issues Through Dialogue – AdlyJohnson and Johnson Commemorates 50 Years In Singapore With A Series Of Events Marking A Remarkable MilestoneElephant Food Bank: A Solution For Human-elephant Conflict – ChanChina Eagerly Awaits King’s First State Visit In 10 Years – Malaysian AmbassadorVale, MPM Team Up To Organize Manjung Run 2024Mobile Phone Ban Proposal For KLIA Counter Immigration Officers – Azam BakiFBM KLCI Futures Mostly Higher In Early TradeJBPM Receives 2,575 Fallen Tree Reports, Selangor Records HighestKing Departs For China On Four-day State VisitMalaysia Needs More Reforms To Reach High-Income Nation Status – EconomistHigher Number Of Flood Evacuees In Kedah, Penang And Perlis This MorningGlobal alternatives markets on course to exceed $30tn by 2030 – Preqin forecastsHearsay Claims By Witnesses Should Be Expunged – Najib’s LawyerKluang Offers Residents A Leisurely And Harmonious LifestyleSalary Structure For Engineers Need To Be Reassessed – FadillahGold Futures Close Higher After Fed’s Bumper Rate CutPolice Increase Surveillance, Patrolling In Flood Affected Areas To Avoid Theft, LootingAhmad Zahid Urges Respect For Family of Late Mahkota RepMonthly Jimat Sale Programme To Benefit Armed Forces FamiliesMahkota Polls: No Commitments To assist Any Party’s Campaign, Says MUDABN Never Permitted Any Party To Use Its Name, ‘Dacing’ Symbol – Dr ZambryBNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global ConditionsMalaysia’s Exports And Imports Of Goods To Recover, Rebound This Year — MIDFAirAsia Eyes Expansion In Eastern Indonesia With New RoutesBina Darulaman Says External Auditor’s Resignation A Routine Governance PracticeAirAsia, Airbus Partner For ASEAN Aviation SustainabilityAir Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 – MAVCOMZycus Named Leader In Supplier Value Management Platforms By ForresterMalaysian REITs Witness Positive Growth In 2024 Despite Global Challenges – MRMARHB IB Lifts 2024 TIV Forecast To 790,000 UnitsGuangdong Province Gears Up For 136th Canton Fair Next MonthSMART Modular Technologies Flash Memory Drives Feature SEU Mitigation For Remote ApplicationsAM Best Maintains Stable Outlook On China’s Non-life Insurance SegmentMedidata Recognised As Leader In Electronic Data Capture By Everest GroupMIDA Partners MIER To Strengthen Malaysia’s Investment ClimateSDCG Optimistic On Growth Amid Lower Costs, Green IncentivesTeledyne Launches 16k TDI Line Scan Camera With 1 Megahertz Line RateRobust 1H 2024 Domestic Investments Show Country Not Dependent On Foreign Investments — MIERTrade Rises 18.6 Pct To RM252.65 Bln In August, Fastest Growth Rate In 22 MonthsHR Gradual Changes, Strategic Shifts Expected In Next 12 To 18 Months – Study61 Pct Malaysian Respondents Believe 2024 An Ideal Year To Launch Small Business – HerbalifeKenaf Industry Seeks Greater Govt Support To Boost Growth — ChanVietnamese products promoted at international food fair in RussiaSix-year-old Missing In Bintulu Croc AttackWhile 77% Of HR and Business Leaders Are Change-ready, 64% Are Still Falling Behind HR Transformation Journey: APAC And ME’s Largest HR Study RevealsOp Global: Three Supsects In Sodomy Case To Be Charged Tomorrow – IGPPetronas Sponsors RM320 Million In Education Sponsorships For 600 High-achieving StudentsSUKMA: Pahang Gives Out RM570,000 In Incentives To Athletes, Coaches, ManagersMOTAC To Host 3-day Putrajaya Cultural Festival 2024 Starting This FridayNov 11 Ruling On Malaysian Bar’s Application For Leave To Challenge Najib’s PardonAssets Declaration To MACC For Investigation Into Our Father – Mirzan And Mokhzani2,051 Dengue Cases, Two Deaths Recorded In Kelantan From Jan-SeptPolice Monitoring All GISBH Premises In PerakCBO Members Need To Give Serious Attention To Domestic Violence – Dr MaziahCambodian Woman Killed By Falling Tree In KemamanFloods: Number Of Victims Rise In Penang, Kedah, PerlisLarge Waves Damage Restaurant, Fish Landing Jetty In Bagan Datuk – APMKing Presented With Financial Statements Of Federal And State GovernmentsKuala Kedah Passengers Rush To Kuala Perlis For Last Ferry To LangkawiMedidata Recognized as a Leader in Everest Group’s Inaugural Electronic Data Capture PEAK Matrix® AssessmentJIM Sabah Assures Improvement Following Chief Secretary ReprimandGuangdong’s Bold Path To Global Trade: Announcing The 136th Canton Fair And The Free Trade Zone’s Role In ExpansionVeteran Composer Ooi Eow Jin Dies At 86Don’t Be Afraid Or Ashamed To Undergo HPV DNA Testing, Women ToldSESB To Execute Smart Meter Installation In Two PhasesGISBH Member Pleads Not Guilty To Threatening WomanMetMalaysia: Large Waves Hitting Penang, Pulau Pangkor UnusualKelantan Mulls Relocation Of Rantau Panjang Duty Free ZoneRinggit Maintains Uptrend Against US Dollar In Anticipation Of Fed Rate CutKing To Embark On State Visit To China Starting Sept 19Future Prospects, Welfare Of Rescued Children Discussed – Ahmad ZahidSMART Modular Technologies Introduces Flash Memory Drives with SEU Mitigation for Remote ApplicationsFBM KLCI Futures End Lower In Line With Cash MarketTeledyne Unveils The First 16k TDI Line Scan Camera With A 1-Megahertz Line Rate
Fri. Sep 20th, 2024
Trending News: Ba Ria – Vung Tau aims for sustainable husbandry with hi-techOpposition Can Propose New MoU Draft For Allocations – DPM FadillahVietnamese communities in Hong Kong, Macau extend support to flood-affected regions at homeVietnamese community joins hands for Czech Republic’s flood relief effortsReduced DMW budget for 2025 to hurt programs for OFWs: solonVice President attends fourth Eurasian Women’s ForumPenang To Discuss Assistance For Flood VictimsParty General Secretary, President receives Cuban ambassadorMusang King Durian Brand Protected For Another Decade – Mohamad SabuUN Special Rapporteur highly values Vietnam’s progressVietnam urges CLMV countries to boost economic cooperationVietnam’s tech giant opens third office in JapanTay Ninh attracts 22 new FDI projects so far this yearVietnam supports UNGA’s resolution regarding occupied Palestinian territoriesAhmad Zahid Joins Thousands In Kluang Berselawat ProgrammeVietnam, Singapore promote economic, technology, investment connectivityNAFAS Launches Liquid Fertiliser Peladang 25MIHAS 2024: Tun Abdullah Receives Special Halal Development Excellence AwardUSM Opens Doors For Underprivileged Students With Flexible Fee PlansAnwar Calls On FAM To Provide Plan, KPI For Harimau Malaya – KBSATBC: Malaysia Strikes Double Gold In BangkokChina Open: Yew Sin-Ee Yi Cruise Into Men’s Doubles QuarterfinalsACL 2: Selangor Hold Muangthong Utd in Group H OpenerFormer Investment Banker Charged With Unlicensed Fund Management, MisrepresentationPM Makes Personal Donation To Perlis Flood VictimsUNESCO-listed rice-fish-duck ecosystem benefits SW China’s GuizhouMalaysia Firm In Defending Sovereignty, Resolving Issues Through Dialogue – AdlyJohnson and Johnson Commemorates 50 Years In Singapore With A Series Of Events Marking A Remarkable MilestoneElephant Food Bank: A Solution For Human-elephant Conflict – ChanChina Eagerly Awaits King’s First State Visit In 10 Years – Malaysian AmbassadorVale, MPM Team Up To Organize Manjung Run 2024Mobile Phone Ban Proposal For KLIA Counter Immigration Officers – Azam BakiFBM KLCI Futures Mostly Higher In Early TradeJBPM Receives 2,575 Fallen Tree Reports, Selangor Records HighestKing Departs For China On Four-day State VisitMalaysia Needs More Reforms To Reach High-Income Nation Status – EconomistHigher Number Of Flood Evacuees In Kedah, Penang And Perlis This MorningGlobal alternatives markets on course to exceed $30tn by 2030 – Preqin forecastsHearsay Claims By Witnesses Should Be Expunged – Najib’s LawyerKluang Offers Residents A Leisurely And Harmonious LifestyleSalary Structure For Engineers Need To Be Reassessed – FadillahGold Futures Close Higher After Fed’s Bumper Rate CutPolice Increase Surveillance, Patrolling In Flood Affected Areas To Avoid Theft, LootingAhmad Zahid Urges Respect For Family of Late Mahkota RepMonthly Jimat Sale Programme To Benefit Armed Forces FamiliesMahkota Polls: No Commitments To assist Any Party’s Campaign, Says MUDABN Never Permitted Any Party To Use Its Name, ‘Dacing’ Symbol – Dr ZambryBNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global ConditionsMalaysia’s Exports And Imports Of Goods To Recover, Rebound This Year — MIDFAirAsia Eyes Expansion In Eastern Indonesia With New RoutesBina Darulaman Says External Auditor’s Resignation A Routine Governance PracticeAirAsia, Airbus Partner For ASEAN Aviation SustainabilityAir Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 – MAVCOMZycus Named Leader In Supplier Value Management Platforms By ForresterMalaysian REITs Witness Positive Growth In 2024 Despite Global Challenges – MRMARHB IB Lifts 2024 TIV Forecast To 790,000 UnitsGuangdong Province Gears Up For 136th Canton Fair Next MonthSMART Modular Technologies Flash Memory Drives Feature SEU Mitigation For Remote ApplicationsAM Best Maintains Stable Outlook On China’s Non-life Insurance SegmentMedidata Recognised As Leader In Electronic Data Capture By Everest GroupMIDA Partners MIER To Strengthen Malaysia’s Investment ClimateSDCG Optimistic On Growth Amid Lower Costs, Green IncentivesTeledyne Launches 16k TDI Line Scan Camera With 1 Megahertz Line RateRobust 1H 2024 Domestic Investments Show Country Not Dependent On Foreign Investments — MIERTrade Rises 18.6 Pct To RM252.65 Bln In August, Fastest Growth Rate In 22 MonthsHR Gradual Changes, Strategic Shifts Expected In Next 12 To 18 Months – Study61 Pct Malaysian Respondents Believe 2024 An Ideal Year To Launch Small Business – HerbalifeKenaf Industry Seeks Greater Govt Support To Boost Growth — ChanVietnamese products promoted at international food fair in RussiaSix-year-old Missing In Bintulu Croc AttackWhile 77% Of HR and Business Leaders Are Change-ready, 64% Are Still Falling Behind HR Transformation Journey: APAC And ME’s Largest HR Study RevealsOp Global: Three Supsects In Sodomy Case To Be Charged Tomorrow – IGPPetronas Sponsors RM320 Million In Education Sponsorships For 600 High-achieving StudentsSUKMA: Pahang Gives Out RM570,000 In Incentives To Athletes, Coaches, ManagersMOTAC To Host 3-day Putrajaya Cultural Festival 2024 Starting This FridayNov 11 Ruling On Malaysian Bar’s Application For Leave To Challenge Najib’s PardonAssets Declaration To MACC For Investigation Into Our Father – Mirzan And Mokhzani2,051 Dengue Cases, Two Deaths Recorded In Kelantan From Jan-SeptPolice Monitoring All GISBH Premises In PerakCBO Members Need To Give Serious Attention To Domestic Violence – Dr MaziahCambodian Woman Killed By Falling Tree In KemamanFloods: Number Of Victims Rise In Penang, Kedah, PerlisLarge Waves Damage Restaurant, Fish Landing Jetty In Bagan Datuk – APMKing Presented With Financial Statements Of Federal And State GovernmentsKuala Kedah Passengers Rush To Kuala Perlis For Last Ferry To LangkawiMedidata Recognized as a Leader in Everest Group’s Inaugural Electronic Data Capture PEAK Matrix® AssessmentJIM Sabah Assures Improvement Following Chief Secretary ReprimandGuangdong’s Bold Path To Global Trade: Announcing The 136th Canton Fair And The Free Trade Zone’s Role In ExpansionVeteran Composer Ooi Eow Jin Dies At 86Don’t Be Afraid Or Ashamed To Undergo HPV DNA Testing, Women ToldSESB To Execute Smart Meter Installation In Two PhasesGISBH Member Pleads Not Guilty To Threatening WomanMetMalaysia: Large Waves Hitting Penang, Pulau Pangkor UnusualKelantan Mulls Relocation Of Rantau Panjang Duty Free ZoneRinggit Maintains Uptrend Against US Dollar In Anticipation Of Fed Rate CutKing To Embark On State Visit To China Starting Sept 19Future Prospects, Welfare Of Rescued Children Discussed – Ahmad ZahidSMART Modular Technologies Introduces Flash Memory Drives with SEU Mitigation for Remote ApplicationsFBM KLCI Futures End Lower In Line With Cash MarketTeledyne Unveils The First 16k TDI Line Scan Camera With A 1-Megahertz Line Rate
Fri. Sep 20th, 2024

Gold Futures Close Higher After Fed’s Bumper Rate Cut


KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivative ended higher following the expected interest rates cut by the United States Federal Reserve (Fed), analysts said.

Gold is priced in US dollars globally and when interest rates are cut, the dollar weakens, making gold cheaper in other currencies and boosting demand.

The Fed cut the target range for the federal funds rate by 50 basis points (bps), from 5.25-5.5 per cent to 4.75-5.00 per cent on Wednesday, the first time since 2020.

Meanwhile, gold futures on Bursa Malaysia saw the September 2024 contract increasing to US$2,597.60 per troy ounce from US$2,576.60 per troy ounce on Wednesday.

The October 2024, November 2024, December 2024, February 2025, and April 2025 contracts all settled higher at US$2,610.40 per troy ounce compared with US$2,589.40 per troy ounce previously.

Volume was lower at 32 lots from 36 lots on Wednesday, while open interest decreased to 64 contracts from 103 contracts yesterday.

The price of physical gold stood
at US$2,570.10 per troy ounce, according to the London Bullion Market Association’s afternoon fix on September 18.

Source: BERNAMA News Agency

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