Kuala lumpur: Gold futures on Bursa Malaysia Derivatives (BMD) closed higher on Monday, reflecting a similar trend observed in the US COMEX gold market due to lower US Treasury yields. Traders are also closely monitoring developments from the anticipated meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump.

According to BERNAMA News Agency, market participants are eagerly awaiting signals from the Federal Open Market Committee (FOMC) meeting minutes, set to be released on August 21. There is widespread speculation among market players that the US Federal Reserve is likely to reduce the interest rate at its upcoming September meeting.

At the market close, the spot-month August 2025 gold contract rose to US$3,348.50 per troy ounce, up from US$3,344.10 last Friday. The September 2025 contract saw an increase to US$3,353.90 per troy ounce from the previous US$3,349.50. The October 2025 contract inched up to US$3,383.30 per troy ounce from US$3,378.90, while the November 2025 contract climbed to US$3,400.10 per troy ounce from US$3,395.70.

The December 2025, February 2026, and April 2026 contracts also experienced gains, settling at US$3,419.70 per troy ounce, compared with US$3,415.20 on the preceding Friday. Trading volume increased significantly to 11 lots from four lots last Friday, and open interest expanded to 45 contracts from the previous 38 contracts.

Physical gold was priced at US$3,335.50 per troy ounce, based on the London Bullion Market Association's afternoon fix on August 15.