Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Gold futures end higher
Last update: 11/10/2018

KUALA LUMPUR, Oct 11 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives closed higher today, tracking the benchmark New York Commodity Exchange (COMEX) gold market, which was trading on an uptrend, a dealer said.

He said the precious metal benefited from the global equity markets that continued to suffer from bearish inclinations.

“But we believe the upside is still limited at the moment, as rising yield will cap the gains for bullion prices,” he added.

October 2018 rose 16 ticks to RM160.50 a gramme, while November 2018, December 2018 and January 2019 gained 12 ticks each to RM160.50, RM160.80 and RM160.85, respectively.

Turnover rose to three lots worth RM48,150 from nil yesterday, while open interest was higher at 29 contracts versus 26 contracts.

At 5 pm, the price of physical gold jumped RM1.63 to RM154.92 a gramme from RM153.29 a gramme  on Wednesday.

-- BERNAMA


 <Back>

Instill investor confidence to sustain growth, says Wahid Omar
60 pct of SMEs not aware of Islamic finance facilities -- BNM

 
RAM reaffirms RHB Islamic's AA2/Stable/P1 ratings

Zurich Malaysia relocates insurance, takaful branches to Bukit Damansara
LIAM appoints Mark O' Dell as first CEO

 
PIDM provides financial consumer protection

CLOSING, FRIDAY, FEB 15
US4.0870/0900
S'pore 3.0082/0116
100 Yen3.7013/7050
Sterling5.2354/2409
Euro4.6110/6152
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 Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
Yes
No
Not Sure
 
  Main | News | Insurance

© 2019 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This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.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