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MARKET • 11/08/2026 07:38 PM

Gold Futures End Higher On Continued PBOC Buying

By K. Naveen Prabu

KUALA LUMPUR, Aug 11 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher on Tuesday, supported by continued buying by the People's Bank of China (PBOC). 

Quintex Intel global strategist Stephen Innes said strong demand from Asian retail investors and exchange-traded funds (ETF) also provided support to gold prices.

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“Besides that, investors are also increasingly buying gold to protect their wealth from risks associated with the large and rising government debts of the United States and Japan,” he told Bernama. 

At the close, the spot-month August 2026 contract rose to US$4,380.9 per troy ounce from US$4,359.0 per troy ounce on Monday, while September 2026 went up to US$4,396.9 per troy ounce from US$4,373.30 per troy ounce previously. 

The October 2026, November 2026, and December 2026 contracts all increased to US$4,412.4 per troy ounce from US$4,388.20 per troy ounce previously.

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Trading volume climbed to 189  lots from 166 lots on Monday, while open interest edged up to 264 contracts from 242 contracts previously.

Physical gold was fixed at US$4,324.45 per troy ounce at the London Bullion Market Association’s afternoon fix on Aug 10, 2026. 

-- BERNAMA

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