 |
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> |
|
|
|
|
![[tally]](http://finance.bernama.com/poll/customize/bar_imgs/blue.jpg){kind=small}
15%