Kuala lumpur: Gold futures on Bursa Malaysia Derivatives ended higher as the US Treasury buyback plan lowered Treasury yields. According to BERNAMA News Agency, the decline in long-end US Treasury yields following the expansion of US Treasury buybacks has taken some support away from the US dollar, and gold has responded accordingly.

Quintex Intel global strategist Stephen Innes told Bernama that the Treasury Department announced on Wednesday its plan to at least double government debt buybacks over the next few months. The focus will be on the sensitive longer-duration segment of the market, which has impacted Treasury yields.

At the close of trading, the spot-month August 2026 contract gained to US$4,494.50 per troy ounce from Tuesday's US$4,360.0 per troy ounce. The September 2026 contract rose to US$4,511.00 per troy ounce from US$4,376.60 per troy ounce previously.

Furthermore, the October and November 2026 contracts both increased to US$4,527.30 per troy ounce from US$4,392.70 per troy ounce yesterday. Meanwhile, the December 2026 and February 2027 contracts strengthened to US$4,535.10 per troy ounce from US$4,400.50 per troy ounce.

In addition, trading volume saw an uptick to 338 lots from 327 lots on Wednesday, while open interest inched up to 415 contracts from 413 contracts previously. Physical gold was fixed at US$4,460.70 per troy ounce at the London Bullion Market Association's afternoon fix on Aug 19, 2026.