Trending News: Kedah Flood Victims Increase To 7,494 This MorningSibu Jaya Water Festival Draws Over 20,000 Visitors, Boosting Local EconomySultan Ibrahim Consents To Renaming Malay Studies Chair At Beijing’s BFSU In His Majesty’s HonourNew Initiative To Empower Indian Community economy In The Pipeline – RamananEssential That Duty To Defend Country From External Threats Is Shared Collectively – Sultan NazrinDouble Gold Medallist Jennyla Seeks Redemption At Para SUKMA 2024 After Five-Year BreakFloods: Kg Suka Menanti Food Stall Owner Distributes Free MealsKelantan Declares GISBH Teachings As Deviant If Similar To Al-Arqam – MuftiPetronas At 50: Celebrating A Legacy Of Innovation, Talent DevelopmentHost Of Activities In Store For Melaka’s National Science Week Next MonthFBM KLCI Futures Poised For Gains Next Week On Cash Market StrengthBudget 2025: KPWKM Seeking Rm3 Billion – NancyPM Anwar Scheduled To Visit Kedah Today To Assess Flood SituationMPM Achieves 90 Pct Classification Assessment Level For Para SUKMA 2024CPO Futures Likely To Trade Higher Next Week Amid Stronger Export PerformanceFloods: Number Of Evacuees In Kedah Rises To 8,022 As Of 4 PMGold Futures Likely To Remain Well-supported Next WeekLandslide At Jalan Brinchang Cameron HighlandsRinggit Set To Continue Bullish Bias Vs US Dollar Next WeekRubber Market Is Expected To Trade Higher Next WeekBursa Malaysia Set To Trend Higher Next WeekOp Global: Another 155 Suspects Arrested, 186 Victims RescuedMelaka Explorace 2024: RM10,000 Cash Prize Up For GrabsKESUMA Committed To Strengthening Human Capital Development In Line With National TVET Policy 2030Keep The Flame Of Reformasi Alive With The People’s Voice – AnwarLegitimacy Of Current Govt Already Proven Through Vote Of Confidence In Dewan Rakyat – AdamKing Visits COMAC Beijing Aircraft Technology Research InstitutePM works with joint stock commercial banks on solutions to boost socio-economic growth2024 Do Son buffalo fighting festival heldPrime Minister receives DPRK AmbassadorPM Anwar Challenges Opposition To File Motion For Vote Of No Confidence In Dewan RakyatKelantan Fire Dept Gears Up For Monsoon With Call For Helicopter SupportPenang Authorities Raid Four Premises Believed To Be Linked To GISBHThree Held In Interior Designer Murder Probe – PolicePM orders efforts to settle diffucilties facing businessesNational Art Gallery Ignites ‘Merdeka Spirit’ Via Merdeka Suka Cipta EventE-Waste : Latest Threat To Beaches – ActivistNSFC Sign Sebastian Avanzini To Boost Super League SquadKDA FC Players Display Professionalism – NafuziConsistency Vital For Sze Fei-Izzuddin To Secure Titles As Professionals – Boon HeongSze Fei-Nur Izzuddin Storm Into China Open FinalAIBC Leadership To Boost ASEAN-India Trade, Investment TiesMIHAS 2024 Awards Introduces Sustainability Category, Recognising Eco-friendly PracticesSarawak To Announce Acquisition Of Affin Bank In A Week – Abang JohariHamzah Zainudin To Contest Bersatu Deputy PresidencyAI Tune ‘Hussien Hussien For Mahkota’ Hits Right Note With VotersFirst Week Of Mahkota By-Election Campaign Proceeding Harmoniously The ‘Johor Way’Ties Between GRS, National Parties key To Political Stability Ahead Of Sabah Polls – HajijiPoison Pen Letters Being Distributed To Deter Voters From Casting Votes – MPWeather disturbances limit road access in 3 CAR provincescTUCP to Congress: Pass anti-endo, P150 wage hike billsCICC eyes new technologies to counter deepfakesPH clobbers UAE in Chess OlympiadVolunteers, employees join Mati City coastal cleanupGov’t won’t divulge PH ship location in WPS as part of securityBacolod police reiterate ‘no permit, no rally’ rule for public safetyTiger Cubs, Blue Eagles triumphPH to campaign for Security Council seat at UNGA 79 – DFA3 suspects yield P20.4-M shabu in Zambo City drug sting382 fire victims get P10-K emergency housing aidPerpetual, San Beda share NCAA 3rd spotOrganic pepper yields opportunities for Binh Phuoc farmersPerak APM Monitors 110 Flood HotspotsMary Kay Expands Into Kyrgyzstan, Further Elevating Beauty and Empowerment Around the WorldReformasi Movement Faced Numerous Challenges Over 26 Years, But Prevailed – FahmiJohor-Palestine Tabung Kasih 2.0 Meets Target Of RM2.5 MlnTEH2024 Workshop Discussions, Outcomes To Be Presented To Gov’t – HDCJKNT Forms Independent Committee To Probe Allegations Of Negligence In Infant’s DeathGISBH Controversy: State Fatwa Councils Begin To Speak OutSAP To Monitor Water Supply Infrastructure In Flood-Hit AreasFormer GISBH Members Reveal Stories Of Brainwashing, Education NeglectTerengganu To Issue Fatwa On GISBH If Clear Evidence Presented – MuftiKluang Corn In A Cup Vendor Maintains RM2 Price For 24 YearsMoU On Opposition Allocation: Muhyiddin Needs To Be More Statesman-like – FahmiCustoms Dismantles Smuggling Operation Worth Over RM1.76 MlnGov’t Committed To Preserving Sabah, Sarawak Unique Cultural Heritage – PM AnwarIncrease In Number Of Kedah Flood EvacueesCPO Futures Close Higher On Stronger Soybean FuturesMB Sanusi On Official Visit To Japan – Kedah MB’s Office12 Development Projects In Kampung Aril Expected To Be Completed By Year-end – Nik NazmiBursa Malaysia Higher In Early TradePM Anwar To Check On Kedah Flood Situation Tomorrow – Ahmad ZahidKing Of Malaysia To Meet Two Top Chinese Leaders TodayMalaysians Advised To Heed Weather Forecast, Warning Issued By MetMalaysia – Nik NazmiFormer Deputy Minister Of Communications And Multimedia, Eddin Syazlee, Passes AwayLYB lays foundation for 1st industrial-scale advanced recycling plant at Wesseling, Germany, siteAirwallex Celebrates The Power Of Fresh Perspectives At McLaren F1 Team Driver Lando Norris Sculpture Premiere In SingaporeCapital A Rises In Early Trade On Network Expansion Plans In IndonesiaWife Reveals Late Eddin Syazlee Battled Cancer Since AprilMOSTI Plans ASEAN-Level Malaysia Combat Robot Competition For Next YearEBC Bags BrokersView Best Trading Experience Award, Strengthening Global LeadershipRinggit Retreats Against US Dollar In Early TradeBursa Malaysia Ends Higher In Line With Most Regional MarketsPCO, NPC lead drive vs. fake news, illegal cigarette trade in NorMinN. Sembilan Wants Clear Ruling On GISBH – AminuddinP6-M facility, nursery to boost livelihood of CamSur bamboo growersTwo Men Sentenced To 11 Years Jail, Two Strokes of The Rotan For Raping 18-year-old GirlS. Korea urged to study possible VFA with PH, patrols in SCSDPM Zahid Advises Public To Heed Instructions And Take Precautions During FloodsLPA develops into tropical depression, TCWS #1 up in Batanes
Sun. Sep 22nd, 2024
Trending News: Kedah Flood Victims Increase To 7,494 This MorningSibu Jaya Water Festival Draws Over 20,000 Visitors, Boosting Local EconomySultan Ibrahim Consents To Renaming Malay Studies Chair At Beijing’s BFSU In His Majesty’s HonourNew Initiative To Empower Indian Community economy In The Pipeline – RamananEssential That Duty To Defend Country From External Threats Is Shared Collectively – Sultan NazrinDouble Gold Medallist Jennyla Seeks Redemption At Para SUKMA 2024 After Five-Year BreakFloods: Kg Suka Menanti Food Stall Owner Distributes Free MealsKelantan Declares GISBH Teachings As Deviant If Similar To Al-Arqam – MuftiPetronas At 50: Celebrating A Legacy Of Innovation, Talent DevelopmentHost Of Activities In Store For Melaka’s National Science Week Next MonthFBM KLCI Futures Poised For Gains Next Week On Cash Market StrengthBudget 2025: KPWKM Seeking Rm3 Billion – NancyPM Anwar Scheduled To Visit Kedah Today To Assess Flood SituationMPM Achieves 90 Pct Classification Assessment Level For Para SUKMA 2024CPO Futures Likely To Trade Higher Next Week Amid Stronger Export PerformanceFloods: Number Of Evacuees In Kedah Rises To 8,022 As Of 4 PMGold Futures Likely To Remain Well-supported Next WeekLandslide At Jalan Brinchang Cameron HighlandsRinggit Set To Continue Bullish Bias Vs US Dollar Next WeekRubber Market Is Expected To Trade Higher Next WeekBursa Malaysia Set To Trend Higher Next WeekOp Global: Another 155 Suspects Arrested, 186 Victims RescuedMelaka Explorace 2024: RM10,000 Cash Prize Up For GrabsKESUMA Committed To Strengthening Human Capital Development In Line With National TVET Policy 2030Keep The Flame Of Reformasi Alive With The People’s Voice – AnwarLegitimacy Of Current Govt Already Proven Through Vote Of Confidence In Dewan Rakyat – AdamKing Visits COMAC Beijing Aircraft Technology Research InstitutePM works with joint stock commercial banks on solutions to boost socio-economic growth2024 Do Son buffalo fighting festival heldPrime Minister receives DPRK AmbassadorPM Anwar Challenges Opposition To File Motion For Vote Of No Confidence In Dewan RakyatKelantan Fire Dept Gears Up For Monsoon With Call For Helicopter SupportPenang Authorities Raid Four Premises Believed To Be Linked To GISBHThree Held In Interior Designer Murder Probe – PolicePM orders efforts to settle diffucilties facing businessesNational Art Gallery Ignites ‘Merdeka Spirit’ Via Merdeka Suka Cipta EventE-Waste : Latest Threat To Beaches – ActivistNSFC Sign Sebastian Avanzini To Boost Super League SquadKDA FC Players Display Professionalism – NafuziConsistency Vital For Sze Fei-Izzuddin To Secure Titles As Professionals – Boon HeongSze Fei-Nur Izzuddin Storm Into China Open FinalAIBC Leadership To Boost ASEAN-India Trade, Investment TiesMIHAS 2024 Awards Introduces Sustainability Category, Recognising Eco-friendly PracticesSarawak To Announce Acquisition Of Affin Bank In A Week – Abang JohariHamzah Zainudin To Contest Bersatu Deputy PresidencyAI Tune ‘Hussien Hussien For Mahkota’ Hits Right Note With VotersFirst Week Of Mahkota By-Election Campaign Proceeding Harmoniously The ‘Johor Way’Ties Between GRS, National Parties key To Political Stability Ahead Of Sabah Polls – HajijiPoison Pen Letters Being Distributed To Deter Voters From Casting Votes – MPWeather disturbances limit road access in 3 CAR provincescTUCP to Congress: Pass anti-endo, P150 wage hike billsCICC eyes new technologies to counter deepfakesPH clobbers UAE in Chess OlympiadVolunteers, employees join Mati City coastal cleanupGov’t won’t divulge PH ship location in WPS as part of securityBacolod police reiterate ‘no permit, no rally’ rule for public safetyTiger Cubs, Blue Eagles triumphPH to campaign for Security Council seat at UNGA 79 – DFA3 suspects yield P20.4-M shabu in Zambo City drug sting382 fire victims get P10-K emergency housing aidPerpetual, San Beda share NCAA 3rd spotOrganic pepper yields opportunities for Binh Phuoc farmersPerak APM Monitors 110 Flood HotspotsMary Kay Expands Into Kyrgyzstan, Further Elevating Beauty and Empowerment Around the WorldReformasi Movement Faced Numerous Challenges Over 26 Years, But Prevailed – FahmiJohor-Palestine Tabung Kasih 2.0 Meets Target Of RM2.5 MlnTEH2024 Workshop Discussions, Outcomes To Be Presented To Gov’t – HDCJKNT Forms Independent Committee To Probe Allegations Of Negligence In Infant’s DeathGISBH Controversy: State Fatwa Councils Begin To Speak OutSAP To Monitor Water Supply Infrastructure In Flood-Hit AreasFormer GISBH Members Reveal Stories Of Brainwashing, Education NeglectTerengganu To Issue Fatwa On GISBH If Clear Evidence Presented – MuftiKluang Corn In A Cup Vendor Maintains RM2 Price For 24 YearsMoU On Opposition Allocation: Muhyiddin Needs To Be More Statesman-like – FahmiCustoms Dismantles Smuggling Operation Worth Over RM1.76 MlnGov’t Committed To Preserving Sabah, Sarawak Unique Cultural Heritage – PM AnwarIncrease In Number Of Kedah Flood EvacueesCPO Futures Close Higher On Stronger Soybean FuturesMB Sanusi On Official Visit To Japan – Kedah MB’s Office12 Development Projects In Kampung Aril Expected To Be Completed By Year-end – Nik NazmiBursa Malaysia Higher In Early TradePM Anwar To Check On Kedah Flood Situation Tomorrow – Ahmad ZahidKing Of Malaysia To Meet Two Top Chinese Leaders TodayMalaysians Advised To Heed Weather Forecast, Warning Issued By MetMalaysia – Nik NazmiFormer Deputy Minister Of Communications And Multimedia, Eddin Syazlee, Passes AwayLYB lays foundation for 1st industrial-scale advanced recycling plant at Wesseling, Germany, siteAirwallex Celebrates The Power Of Fresh Perspectives At McLaren F1 Team Driver Lando Norris Sculpture Premiere In SingaporeCapital A Rises In Early Trade On Network Expansion Plans In IndonesiaWife Reveals Late Eddin Syazlee Battled Cancer Since AprilMOSTI Plans ASEAN-Level Malaysia Combat Robot Competition For Next YearEBC Bags BrokersView Best Trading Experience Award, Strengthening Global LeadershipRinggit Retreats Against US Dollar In Early TradeBursa Malaysia Ends Higher In Line With Most Regional MarketsPCO, NPC lead drive vs. fake news, illegal cigarette trade in NorMinN. Sembilan Wants Clear Ruling On GISBH – AminuddinP6-M facility, nursery to boost livelihood of CamSur bamboo growersTwo Men Sentenced To 11 Years Jail, Two Strokes of The Rotan For Raping 18-year-old GirlS. Korea urged to study possible VFA with PH, patrols in SCSDPM Zahid Advises Public To Heed Instructions And Take Precautions During FloodsLPA develops into tropical depression, TCWS #1 up in Batanes
Sun. Sep 22nd, 2024

Gold Futures Likely To Remain Well-supported Next Week

KUALA LUMPUR, Gold futures contract on Bursa Malaysia Derivatives is expected to remain well-supported next week, driven by the deep United States (US) Federal Reserve rate cut cycle, rising geopolitical risks and the upcoming US elections, said an analyst.

SPI Asset Management managing director Stephen Innes said that gold prices have experienced a significant rally, pushing them towards record highs.

‘As emerging market central banks continue diversifying away from the US dollar and China’s economic struggles boost local demand in Asia, gold is well-positioned to sustain its impressive run,’ he told Bernama.

On a Friday-to-Friday basis, spot month September 2024 rose to US$2,614.20 per troy ounce from US$2,575.00 per troy ounce last week.

Meanwhile, October 2024, November 2024, December 2024, February 2025 and April 2025 all settled higher at US$2,627.00 from US$2,587.30 per troy ounce previously.

Volume eased to 82 lots from 85 last week, while open interest narrowed to 44 contracts from 74 previousl
y.

The price of physical gold stood at US$2,575.35 per troy ounce, according to the London Bullion Market Association’s afternoon fix on Sept 19.

Source: BERNAMA News Agency

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