Kuala lumpur: The gold futures contract on Bursa Malaysia Derivatives is projected to experience an upswing next week as current data points suggest a potential interest rate cut by the US Federal Reserve in December. This development is likely to bolster the appeal of gold as a safe-haven asset.

According to BERNAMA News Agency, Dr. Mohd Afzanizam Abdul Rashid, the chief economist at Bank Muamalat Malaysia Bhd, indicated that gold is expected to find strong support within the range of US$4,150 to US$4,170 per troy ounce in the coming week. This positive outlook is reflected in the recent trading activity, where the spot-month November 2025 contract increased to US$4,155.30 per troy ounce from US$4,058.20 per troy ounce, and the December 2025 contract rose to US$4,172.60 per troy ounce compared to US$4,076.30 per troy ounce. Similarly, the January 2026 contract strengthened to US$4,188.50 per troy ounce, up from US$4,092.50 per troy ounce the previous week.

The upward trend extended to future contracts with February 2026, April 2026, and June 2026 all settling higher at US$4,204.80 per troy ounce, as opposed to US$4,108.90 per troy ounce previously. Despite a decrease in weekly trading volume from 256 lots to 245 lots, there was a notable increase in open interest, which rose to 181 contracts from 150 contracts a week earlier.

In the physical market, gold was priced at US$4,153.95 per troy ounce, according to the London Bullion Market Association afternoon fix on November 27, 2025.