Kuala lumpur: Gold futures on Bursa Malaysia Derivatives concluded the day with an increase, correlating with a global price recovery.

According to BERNAMA News Agency, the global strategist from Quintex Intel, Stephen Innes, noted that the rebound in the global gold market occurred as recent United States economic data showed weakness, thereby providing relief from the upward pressure on US Treasury yields that had recently weighed on the market. This softer economic data, including manufacturing figures and moderate employment reports, helped ease the pressure on bond yields, allowing gold to regain value and surpass US$4,400 per troy ounce.

Innes highlighted, "We are currently closing in on the US$4,450 level from the US$4,400 per-troy-ounce level. The focus now shifts to Friday's US payrolls report, which will be important in determining whether the recent hawkish repricing of expectations for the Federal Reserve continues or begins to reverse."

At the market close, the spot-month September 2026 contract rose to US$4,447.70 per troy ounce from US$4,321.7 per troy ounce the previous day. The October 2026 contract saw an increase to US$4,462.20 per troy ounce from US$4,335.8 per troy ounce. Similarly, the November 2026 contract improved to US$4,478.80 per troy ounce from US$4,353.20 per troy ounce. The December 2026, February 2027, and April 2027 contracts also strengthened to US$4,486.6 per troy ounce from US$4,361.0 per troy ounce.

The trading volume experienced a significant jump to 335 lots from the previous day's 127 lots, while open interest climbed to 387 contracts from 184 contracts. Meanwhile, physical gold was valued at US$4,382.25 per troy ounce at the London Bullion Market Association's afternoon fix on September 2, 2026.