Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Gold futures close easier
Last update: 08/11/2018

''

By Mohd Khairi Idham Amran

KUALA LUMPUR, Nov 8 (Bernama) -- Gold futures contracts on Bursa Malaysia Derivatives closed lower today pressured by the stronger ringgit.

Phillip Futures Sdn Bhd Dealer Tee Guy Eon said the local currency ended marginally higher against the US dollar lifted by risk appetite in emerging market currencies in the aftermath of the US mid-term results, with the Democrats taking control of the House of Representatives.

“A stronger ringgit is seen as negative for gold prices, as it makes ringgit-denominated bullion more expensive for foreign buyers,” he told Bernama.

At the close, November 2018, December 2018 and January 2019 fell 22 ticks each to RM164.40, RM164.40 and RM164.30 a gramme respectively, while February 2019 lost 20 ticks to RM164.40 a gramme.

Volume was flat at two lots valued at RM32,860 from yesterday’s two lots valued at RM33,100, while open interest increased to 33 contracts from 30 contracts previously.

At 5 pm, the price of physical gold went down RM1.65 to RM158.16 a gramme. 

-- BERNAMA


 <Back>

Bank Muamalat manages more than RM20 million in waqf fund
No need for Islamic banks consolidation now, says banker

 
Technology will not take over human jobs

5 LIAM CEOs conferred prestigious MII Fellowship
2019 Budget is a caring budget - LIAM

 
AmMetLife, Mydin announce first iMeriah recipient

CLOSING, FRIDAY, NOV 16
US4.1900/1940
S'pore3.0428/0462
100 Yen3.6946/6991
Sterling5.3603/3671
Euro4.7506/7568
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

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This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.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