Kuala lumpur: The gold futures contract on Bursa Malaysia Derivatives ended lower on Friday as investors, wary of the upcoming US tariff deal deadline on July 9, opted to book profits.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that the impending tariff deal deadline has prompted market repositioning. Traders are assessing the potential effects on trade dynamics and overall market sentiment. Dr. Mohd Afzanizam explained, "The uncertainty surrounding the possible resumption of tariffs has led some investors to lock in gains, especially as renewed trade tensions could eventually feed into inflation and policy responses."

The spot-month July 2025 contract decreased to US$3,351.30 per troy ounce from US$3,364.20. Similarly, the August 2025 contract fell to US$3,366.40 from US$3,379.70, and the September 2025 contract dropped to US$3,381.30 from US$3,394.60. Both the October and December 2025 contracts declined to US$3,400.10 from the previous day's US$3,413.40.

The trading volume increased to 48 lots compared to 40 lots previously, while open interest rose to 84 contracts from 65 contracts. Meanwhile, physical gold was valued at US$3,332.15 per troy ounce, based on the London Bullion Market Association's afternoon fix on July 3, 2025.