KUALA LUMPUR, March 19 (Bernama) -- Gold futures contracts on Bursa Malaysia Derivatives remained untraded today and settled unchanged for the second consecutive day despite the rise on benchmark New York Commodity Exchange (COMEX) gold futures, a dealer said.
Phillip Futures Sdn Bhd dealer Foo Chiew Wai said investors were taking a breather after a recent rebound in gold futures in the absence of fresh leads in the local market.
“Bursa Malaysia gold might likely be in a lackluster mode amid lack of demand and hovers in a range bound within these few days,” he said.
Spot month March 2019, April 2019, May 2019 and June 2019 remained pegged at RM170.90, RM170.90, RM171.30 and RM171.60 a gramme, respectively.
Volume was nil, while open interest stood at 24 contracts.
At 5 pm, the price of physical gold was 18 sen higher at RM165.43 a gramme.
-- BERNAMA