Gold Futures Snap Three-day Losing Streak To Close Higher
By Danni Haizal Danial Donald
KUALA LUMPUR, June 26 (Bernama) -- Gold futures on Bursa Malaysia Derivatives snapped a three-day losing streak to close higher on Friday, tracking firmer performance in the United States (US) COMEX market.
SPI Asset Management managing partner Stephen Innes said the precious metal benefited from improved broader market sentiment, driven by movements in US Treasury yields.
"US yields had previously been pressured by a stronger US dollar and a more hawkish interest rate outlook, but that headwind has begun to ease.
"If markets continue to scale back expectations of further US Federal Reserve tightening, bullion could regain upside momentum," he told Bernama.
At the close, the spot-month June 2026 contract rose to US$4,050.90 per troy ounce from US$3,997.10 on Thursday, while the July 2026 contract gained to US$4,065.30 from US$4,011.50.
The August 2026 contract advanced to US$4,088.10 per troy ounce from US$4,033.80, the September 2026 contract climbed to US$4,092.60 from US$4,038.30, and the October 2026 and December 2026 contracts rose to US$4,111.70 from US$4,057.40.
Trading volume edged up to 16 lots from 12 on Thursday, while open interest increased to 83 contracts from 73 previously.
Meanwhile, physical gold was fixed at US$4,001.80 per troy ounce at the London Bullion Market Association afternoon fix on June 25, 2026.
-- BERNAMA