By Danni Haizal Bin Danial Donald
KUALA LUMPUR: Gold futures on Bursa Malaysia Derivatives pared Thursday’s losses to end higher today, in line with firmer US COMEX performance, amid a weakening US dollar.
SPI Asset Management’s Managing Partner, Stephen Innes, said the weaker greenback affected market sentiment and resulted in lower US Treasury yields.
“Bullion is also drawing support from its positive correlation with US equities,” he told BERNAMA.
At the close, the spot-month June 2026 contract increased to USD4,232.70 per troy ounce from UD$4,091.50 per troy ounce at Thursday’s close; July 2026 rose to USD4,249.30 per troy ounce from USD4,106.50, and August 2026 increased to USD4,265.70 per troy ounce from USD4,124.20.
The September 2026 contract rose to USD4,270.20 per troy ounce from USD4,128.70 on Thursday, while the October 2026 contract grew to USD4,289.30 per troy ounce from USD4,147.80 per troy ounce previously.
Trading volume expanded to 22 lots from 18 lots on Thursday, while open interest inched up to 89 contracts from 88 contracts previously.
Meanwhile, physical gold was fixed at USD4,074.85 per troy ounce at the London Bullion Market Association (LBMA) afternoon fix on June 11, 2026. – BERNAMA
