Kuala lumpur: Gold futures on Bursa Malaysia Derivatives closed lower today, tracking weaker performance in the United States COMEX market as the US dollar strengthened on higher crude oil prices which raised expectations for interest rate hikes by the US Federal Reserve.

According to BERNAMA News Agency, at the close, the spot-month May 2026 contract fell to US$4,531.60 per troy ounce from US$4,549.80 per troy ounce on Thursday, while the June 2026 contract eased to US$4,548.60 per troy ounce from US$4,566.80 per troy ounce. The July 2026, August 2026, and October 2026 contracts all settled lower at US$4,562.80 per troy ounce from US$4,581.0 per troy ounce yesterday.

Trading volume decreased to 23 lots from 27 lots yesterday, while open interest slid to 89 contracts from 104 contracts previously. Physical gold was fixed at US$4,505.25 per troy ounce at the London Bullion Market Association's afternoon fix on May 21, 2026.