Kuala lumpur: Gold futures on Bursa Malaysia Derivatives ended higher on Tuesday, supported by continued buying by the People's Bank of China (PBOC).

According to BERNAMA News Agency, Quintex Intel global strategist Stephen Innes noted strong demand from Asian retail investors and exchange-traded funds (ETF) also provided support to gold prices.

Innes commented that investors are increasingly buying gold to protect their wealth from risks associated with the large and rising government debts of the United States and Japan. This investor behavior has contributed to the uptick in gold futures.

At the close of trading, the spot-month August 2026 contract rose to US$4,380.9 per troy ounce from US$4,359.0 per troy ounce on Monday. Similarly, the September 2026 contract increased to US$4,396.9 per troy ounce from US$4,373.30 per troy ounce previously.

The October 2026, November 2026, and December 2026 contracts also saw gains, rising to US$4,412.4 per troy ounce from US$4,388.20 per troy ounce previously.

The trading volume climbed to 189 lots from 166 lots on Monday, while open interest edged up to 264 contracts from 242 contracts previously. The physical gold was fixed at US$4,324.45 per troy ounce at the London Bullion Market Association's afternoon fix on August 10, 2026.