Gold Futures Close Lower On Stronger Us Dollar

KUALA LUMPUR, July 8 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Wednesday, tracking losses in COMEX gold as the stronger US dollar outweighed the precious metal’s safe-haven appeal amid renewed geopolitical tension in West Asia. 

At the close, the spot-month July 2026 contract slipped to US$4,064.70 per troy ounce from US$4,130.60 yesterday. 

The August 2026 contract declined to US$4,085.30 per troy ounce from US$4,151.20 on Tuesday, while the September 2026 contract reduced to US$4,098.50 per troy ounce from US$4,164.30 previously.

Similarly, the October 2026 and December 2026 contracts both fell to US$4,129.00 per troy ounce from US$4,183.40 yesterday.

Trading volume rose to 134 lots from 99 on Tuesday, while open interest increased to 211 contracts from 171 previously.

Meanwhile, physical gold was fixed at US$4,155.80 per troy ounce at the London Bullion Market Association's afternoon fix on July 7, 2026.

-- BERNAMA