Gold futures end unchanged

KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivatives ended unchanged today with no volume traded, said a dealer.

Phillip Futures Sdn Bhd dealer Lee Pei Wan said the US COMEX gold futures prices experienced an overnight loss amid the US dollar appreciation after the minutes from US Federal Reserve’s policy meeting made the bullion more expensive for other currency holders.

“Meanwhile, the market will be monitoring the US initial jobless claims data to be released later to measure the economy’s health,” she said.

At the close, spot month August 2021, September 2021, October 2021, and November 2021 stood at RM255.00 a gramme respectively.

Volume was nil while open interest stood at five contracts.

At 5 pm, the price of physical gold rose by 22 sen to RM235.63 a gramme from RM235.41 a gramme yesterday.

Source: BERNAMA News Agency