Kuala lumpur: Gold futures on Bursa Malaysia Derivatives closed lower today, following a decline in COMEX prices. According to BERNAMA News Agency, COMEX gold futures were declining amid stronger US Treasury yields, persistent inflation concerns, and expectations that the Federal Reserve (Fed) would keep interest rates higher for longer. These factors have contributed to a less favorable outlook for gold, which traditionally does not yield interest. Market sentiment was also influenced by renewed uncertainty surrounding the US-Iran situation, which has pushed oil prices higher. Higher interest rate expectations generally reduce the appeal of non-yielding assets such as gold, said an analyst. At the close, the spot-month May 2026 contract fell to US$4,405.00 per troy ounce from US$4,537.50 per troy ounce on Tuesday. Similarly, the June 2026 contract decreased to US$4,422.00 per troy ounce from US$4,554.50 per troy ounce. The July 2026, August 2026, and October 2026 contracts also settled lower at US$4,435.7 0 per troy ounce from US$4,468.20 per troy ounce previously. Trading volume marginally eased to 12 lots against 13 lots on Tuesday, with open interest slightly dropping to 72 contracts from 74 contracts previously. The market was closed on Wednesday, May 27, in conjunction with the Hari Raya Aidiladha public holiday. Meanwhile, the physical gold was fixed at US$4,426.00 per troy ounce at the London Bullion Market Association's afternoon fix on May 27, 2026.