Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Gold Futures Contracts Close Higher
Last update: 17/07/2017

By Azlee Nor Mahmud

KUALA LUMPUR, July 17 (Bernama) -- Gold futures contracts on Bursa Malaysia Derivatives closed††higher today in line with the New York Commodity Exchange\'s (COMEX) gold futures market on Friday, dealers said.

Phillip Futures Sdn Bhd Dealer, Chu Ching Yong,†said† COMEX†gold prices edged up as the US†dollar fell to multi-month lows after the prospect for further interest rate increase in the US†this year dimmed following softer US†economic data last week.

"For Tuesday, we believe that Bursa Malaysia's gold prices would continue its upward movement tracking COMEX's gold prices as US dollar remains pressured," he told Bernama today.

At the close, spot month July 2017 rose 25 ticks to†RM170.5, †August 2017 was up 23 ticks to RM171, September 2017 and October 2017 added 18 ticks each to RM171.15†and RM172†a gramme, respectively.

Volume slipped†to two lots valued at RM34,100†from nine†lots†worth RM152,500†on Friday, while open interest declined to 229 contracts from 232 contracts previously.

At 5 pm, the price of physical gold rose RM1.20†to RM164.13 a gramme from Friday's RM162.93 a gramme.

-- BERNAMA


 <Back>

AmInvestment Bank Wins 'Best Sukuk House Of The Year 2017' Award At 7th GIFA
Find Ways To Boost Cross-Border Transactions Of Islamic Finance Services - BNM Governor

 
Maybank Islamic Looks To Expand Shariah Banking To ASEAN

Takaful IKHLAS Chieftain Bags Best CEO 2017 Award
Pixelated Inks MoUs With Four Companies To Boost Adoption Of UBI

 
Tokio Marine Life Launches Online Service To Check Unclaimed Monies

WEDNESDAY, SEPT 20, 2017
US 4.1910/1940
S'pore 3.1095/1127
100 Yen 3.7564/7601
Sterling 5.6625/6669
Euro 5.0254/0303
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
Yes
 [tally] 15%
No
 [tally] 79%
Not sure
 [tally] 7%
Polls

 
  Main | News | Insurance

© 2017 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution