Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Gold futures contract closes lower
Last update: 16/05/2018

By Farhana Poniman

KUALA LUMPUR, May 16†(Bernama) -- Gold futures contract†on Bursa Malaysia Derivatives closed lower†today in tandem with the†losses on†the†New York Commodity Exchange's (COMEX) gold futures market, said a dealer.

Phillip Futures Sdn Bhd Dealer Amberlyn How said local market sentiment towards the gold market was hurt by the decline in†COMEX gold futures, which were†impacted by a†stronger dollar.

"Furthermore, the†weaker ringgit also trimmed the demand for ringgit-denominated gold," she told Bernama.

May 2018 fell 34 ticks to RM165.70 a gramme,†June 2018 declined 20 ticks to RM166.50 a gramme while†July 2018 and August 2018 were flat at RM166.90 and RM167.00 a gramme,†respectively.

Volume amounted to four lots†worth RM66,440 versus ten lots†worth RM168,320 recorded yesterday while open interest stood at 45 contracts from 55 contracts.

At 5 pm, the price of physical gold was RM1.73 sen lower†at RM159.47†per gramme.

-- BERNAMA


 <Back>

Islamic Financial Institutions should adopt IIFM standards
Islamic Banks eyes bigger trade financing mart share

 
Maybank†Islamic CEO Mohamed Rafique Appointed IBFIM Chairman

Taiwan's Shinkong Insurance company gets excellent ratings
Tinubu Square launches innovation lab for insurance and banking industry

 
MSAM 2018 records 200,168 visitors

MIDDAY, FRIDAY, MAY 18
US 3.9755/9785
S'pore 2.9597/9631
100 Yen 3.5828/5868
Sterling 5.3705/3761
Euro 4.6927/6974
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] 78%
Not sure
 [tally] 7%
Polls

 
  Main | News | Insurance

© 2018 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This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.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