Kuala lumpur: Gold futures on Bursa Malaysia Derivatives are projected to trade slightly higher next week, supported by the stabilization of gold around US$4,000 per troy ounce.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that spot gold prices have been hovering around US$4,000 per troy ounce after reaching several all-time highs in the past month.

Dr. Mohd Afzanizam Abdul Rashid explained that the recent correction in gold prices has resulted in a stabilization around its support level. He mentioned that should the possibility of a rate cut by the United States Federal Reserve in December become more apparent, gold prices might resume their upward trend.

Over the past week, the spot-month November 2025 contract increased to US$4,022.60 per troy ounce from US$4,022 per troy ounce previously. Additionally, the December 2025 contract rose to US$4,039.90 per troy ounce compared to US$4,039.30 per troy ounce a week ago, and the January 2026 contract climbed to US$4,058.60 per troy ounce from US$4,056.30 per troy ounce a week earlier.

The February 2026, April 2026, and June 2026 contracts also saw an increase, settling higher at US$4,074.50 per troy ounce against US$4,072.20 per troy ounce at the close of last week. However, weekly trading volume experienced a decline, dipping to 379 lots from 1,953 lots the previous week, while open interest fell to 132 contracts from 300 contracts earlier.

In the physical market, gold was priced at US$3,986.50 per troy ounce, as per the London Bullion Market Association afternoon fix on November 6, 2025.