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Gold Futures Untraded In Early Session
Last update: 14/02/2018

KUALA LUMPUR, Feb 14† (Bernama) --†Gold futures contracts†on Bursa Malaysia Derivatives were untraded†this morning as investors remained cautious over the fluctuation†of the US dollar, an indicator that always influences†demand for the precious metal.

At 9.38†am, spot month†February 2018,†March 2018,†April 2018 and May 2018 were untraded and remained pegged at Monday's close of RM168.65, RM169.15, RM169.95†and†RM169.70†a gramme†respectively.†

Volume was nil, while open interest amounted to†71†contracts.

At 9.30 am, the price of physical gold was up by 13†sen to†RM162.89†a gramme.†



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US 3.9030/9080
S'pore 2.9544/9597
100 Yen 3.6507/6564
Sterling 5.4431/4521
Euro 4.8030/8104
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?

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