Kuala lumpur: Gold futures on Bursa Malaysia Derivatives closed lower on Wednesday, with investors remaining cautious ahead of the impending release of the United States Personal Consumption Expenditures (PCE) inflation data.

According to BERNAMA News Agency, SPI Asset Management managing partner Stephen Innes noted that the precious metal's performance is closely linked to the broader risk sentiment. He explained that gold tends to rise and fall in line with investors' risk appetite. Innes emphasized that gold is currently on the sidelines as market participants anticipate the US PCE inflation report, a critical data release expected to influence its next significant move.

At the close of trading, the spot-month June 2026 gold contract decreased to US$4,073.70 per troy ounce from US$4,118.10 at the previous day's close. Similarly, the July 2026 contract fell to US$4,088.10 per troy ounce from US$4,132.50. The August 2026 contract also saw a decline, closing at US$4,110.40 per troy ounce from US$4,154.10.

The September 2026 contract experienced a drop to US$4,114.90 per troy ounce from US$4,158.60, while the October 2026 and December 2026 contracts were lower at US$4,134 per troy ounce from US$4,177.70. The day's trading volume decreased to 17 lots from 19 the day before, and open interest was down to 82 contracts from 86.

In the meantime, physical gold was fixed at US$4,135.50 per troy ounce at the London Bullion Market Association afternoon fix on June 23, 2026.