KUALA LUMPUR, June 18 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today, tracking the overnight gains in COMEX gold futures.
Phillip Futures Sdn Bhd dealer Lee Pei Wan said the market uncertainty has elevated gold as a safe-haven asset.
"Investors are also waiting for the Federal Open Market Committee (FOMC) interest rate announcement this week," she said.
At the close, spot month June 2019 and July 2019 both added 24 ticks to RM180.4 a gramme and RM180.4 a gramme, while August 2019 September 2019 increased 20 ticks each to RM180.5 a gramme and 180.6 a gramme respectively.
Volume, however, depreciated to four lots worth RM72,380 from eight lots valued at RM143,680 on Monday, while open interest declined to 25 contracts from 32 contracts previously.
At 5 pm, the price of physical gold went up RM1.67 to RM174.85 a gramme.
-- BERNAMA
Gold futures end higher in line with COMEX gold
