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Gold futures likely to be flat next week
Last update: 15/01/2022

By Harizah Hanim Mohamed

KUALA LUMPUR, Jan 15 -- Gold futures contracts on Bursa Malaysia Derivatives are expected to be flat next week despite anticipation of a better benchmark US COMEX gold futures market, a dealer said.

Phillip Futures Sdn Bhd dealer Lou Yoke Lim said US COMEX gold futures are expected to move higher next week as the dollar weakens.

“Gold's safe-haven appeal also contributed to the upside as COVID-19 cases surged,” he said.

On a Friday-to-Friday basis, Bursa Malaysia Derivatives gold futures contracts for January 2022, February 2022, March 2022 and April 2022 all remained at RM255.00 per gramme.

Volume and open interest were nil.

The price of physical gold rose RM2.74 to RM236.93 a gramme on Friday from RM234.19  a gramme a week earlier.

-- BERNAMA


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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

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