Kuala lumpur: Gold futures on Bursa Malaysia Derivatives are anticipated to experience some profit-taking early next week as the market awaits key United States inflation data, according to Quintex Intel global strategist Stephen Innes.

According to BERNAMA News Agency, Innes stated that gold futures are expected to follow the trend of gold prices, which are projected to trade broadly within the US$4,450 to US$4,500 range. He noted that much of the outlook will depend on the upcoming US Consumer Price Index and Producer Price Index reports. Higher-than-expected inflation readings could quickly revive expectations for a Federal Reserve rate hike and potentially exert pressure on gold prices.

Innes highlighted that gold has shown resilience despite pullbacks, with strong central bank buying and robust Asian retail demand continuing to provide underlying support. Over the past week, the September 2026 contract decreased to US$4,477.50 per troy ounce from US$4,619.30. Similarly, the October 2026 contract dropped to US$4,491.30 per troy ounce from US$4,635.50, while contracts for December 2026, February 2027, and the new spot-month April 2027 fell to US$4,517.50 per troy ounce from US$4,643.30.

Weekly trading volume saw a decline to 881 lots from 1,713 lots the previous week, and open interest decreased to 357 contracts from 415 contracts. Meanwhile, physical gold was fixed at US$4,467.15 per troy ounce at the London Bullion Market Association's afternoon fix on September 3, 2026.