Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Gold futures expected to trade flat next week
Last update: 17/10/2020

By Azlee Nor Mahmud

KUALA LUMPUR, Oct 17 -- Gold futures contract on Bursa Malaysia Derivatives will likely trade flat next week in the absence of catalysts, a dealer said.

Phillip Futures Sdn Bhd dealer Tan Jenn Yuan said Bursa Malaysia gold was expected be flat amid the lack of any physical stimulus until the US election.

“There is not much catalysts to move the gold market significantly both ways,” she told Bernama today.

The local gold market ended the week untraded for the ninth consecutive day, with the only apparent movement seen in physical gold prices.

On a Friday-to-Friday basis, October 2020, November 2020, December 2020 and January 2021 remained at RM249.00 a gramme, RM247.25 a gramme, RM253.00 a gramme, and RM250.50 a gramme, respectively.

Weekly turnover was nil compared to last Friday’s one lot worth RM25,300, while open interest remained at 24 contracts.

Meanwhile, the price of physical gold was 35 sen lower at RM246.22 per gramme compared with RM246.57 per gramme on Friday last week.

-- BERNAMA


 <Back>


 


 

OPENING, TUESDAY, MAR 9
US4.1180/1230
S'pore3.0479/0520
100 Yen3.7752/7805
Sterling5.6882/6967
Euro4.8769/8833
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Yes
No
Not sure
 
  Main | News | Insurance

© 2025 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This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.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