Gold Futures Close Higher On Safe-haven Demand
KUALA LUMPUR, May 21 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today, despite weaker performance in the United States (US) COMEX market, supported by safe-haven demand.
At the close, the spot-month May 2026 contract rose to US$4,549.80 per troy ounce from US$4,490.30 per troy ounce on Wednesday, while the June 2026 contract increased to US$4,566.80 per troy ounce from US$4,507.30 per troy ounce.
The July 2026, August 2026 and October 2026 contracts all settled higher at US$4,581.0 per troy ounce from US$4,521.30 per troy ounce yesterday.
Trading volume decreased to 27 lots from 45 lots yesterday, while open interest slid to 104 contracts from 120 contracts previously.
Physical gold was fixed at US$4,482.85 per troy ounce at the London Bullion Market Association's afternoon fix on May 20, 2026.
-- BERNAMA