Gold futures end untraded

KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivatives ended untraded on Friday on lack of buying interest, said a dealer.

Phillip Futures Sdn Bhd dealer Lee Pei Wan said the US COMEX gold futures prices stayed strong over growing concern of the spread of the COVID-19 Delta variant.

“The market will be monitoring its impact on the economic recovery, as well as its possibility of denting risk sentiment,” 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 fell by 54 sen to RM235.09 a gramme from RM235.63 a gramme yesterday.

Source: BERNAMA News Agency