KUALA LUMPUR, May 15 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives finished higher after the release of a higher-than-expected United States Producer Price Index for April, which climbed 2.2 per cent year-on-year.

At the close, the spot month May 2024 contract rose to US$2,380.00 per troy ounce from US$2,354.30 at Tuesday’s close.

The June 2024, July 2024, August 2024, October 2024 and December 2024 contracts all settled higher at US$2,390.00 per troy ounce from US$2,365.10 on Tuesday.

Volume decreased to 46 lots from 106 lots yesterday, while open interest edged down to 69 contracts from 119 contracts previously.

According to the London Bullion Market Association’s afternoon fix on May 14, the price of physical gold stood at US$2,354.85 per troy ounce.   

-- BERNAMA