Kuala lumpur: Gold futures on Bursa Malaysia Derivatives closed higher ahead of the release of the United States Personal Consumption Expenditures (PCE) data later tonight.

According to BERNAMA News Agency, markets expect the PCE inflation rate to be maintained at 2.6 percent in July, with core PCE inflation projected to increase to 2.9 percent, up from 2.8 percent in June. SPI Asset Management managing director Stephen Innes shared this insight with BERNAMA, highlighting the market's anticipation of the upcoming data.

At the close, the spot-month August 2025 contract increased to US$3,407.50 per troy ounce from US$3,402.30 at Thursday's close. The September 2025 contract rose to US$3,420.40 per troy ounce from the previous close of US$3,407.70. Meanwhile, the October 2025 contract climbed to US$3,449.90 per troy ounce from US$3,437.20, and the November 2025 contract advanced to US$3,466.70 per troy ounce from US$3,454.30.

The December 2025, February 2026, and April 2026 contracts all settled higher at US$3,487.10 per troy ounce compared with US$3,474.40 per troy ounce on Thursday. However, trading volume declined to four lots from 18 lots yesterday, while open interest fell to 33 contracts from 49 contracts previously.

Physical gold was priced at US$3,407.65 per troy ounce according to the London Bullion Market Association's afternoon fix on August 28.