Gold Futures End Higher Amid Weaker Greenback, US Fiscal Worries

KUALA LUMPUR, May 23 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher today, supported by a weaker greenback amid ongoing United States fiscal concerns.

Spot month May 2025 contract went up to US$3,336.50 per troy ounce from US$3,310.80 per troy ounce yesterday, while the June 2025 contract strengthened to US$3,349.70 per troy ounce from US$3,323.80 per troy ounce.

The July, August, and October 2025 contracts rose to US$3,363.40 per troy ounce from US$3,337.50 per troy ounce previously.

Trading volume declined to 45 lots from 559 lots on Thursday, while open interest slipped to 82 contracts from 597 contracts yesterday.

Physical gold was priced at US$3,284 per troy ounce, according to the London Bullion Market Association’s afternoon fix on May 22.

-- BERNAMA