Gold Futures Close Higher

KUALA LUMPUR, July 16 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher on continued demand for safe-haven assets, despite weaker gold prices on the US Commodity Exchange (COMEX).

At the close, the spot-month July 2026 contract rose to US$4,036.20 per troy ounce from US$4,031.20 per troy ounce on Tuesday, while August 2026 increased to US$4,057.00 per troy ounce from US$4,052.10 per troy ounce, and September 2026 improved to US$4,070.00 per troy ounce from US$4,065.10 per troy ounce.

The October 2026 and December 2026 contracts both advanced to US$4,100.50 per troy ounce from US$4,095.60 per troy ounce previously.

Trading volume increased to 93 lots from 81 lots on Wednesday, while open interest remained unchanged from yesterday’s 165 contracts.

Physical gold was fixed at US$4,062.20 per troy ounce at the London Bullion Market Association's afternoon fix on July 15, 2026.

-- BERNAMA