Gold Futures Likely To Ease Next Week On US Rate Hike Expectations

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 14 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade lower next week as expectations of further interest rate hikes by the US Federal Reserve (Fed) continue to support the US dollar.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the Fed’s hawkish monetary policy stance could weigh on gold prices as higher interest rates make US dollar-denominated assets more attractive to investors.

He expects gold prices to trade between US$3,800 and US$3,900 per troy ounce next week.

On a week-on-week basis, the November 2026 contract slipped to US$3,900.60 per troy ounce from US$4,087.60, and the December 2026 contract eased to US$3,915.90 per troy ounce from US$4,103.20, and January 2027 fell to US$3,917.00 from US$4,104.30 last week.

Meanwhile, the February 2027, April 2027 and June 2027 contracts decreased to US$3,944.90 per troy ounce from US$4,104.30 previously.

Weekly trading volume fell to 384 lots from 591 the previous week, while open interest eased to 169 contracts from 177.

Physical gold was fixed at US$3,870.20 per troy ounce at the London Bullion Market Association’s afternoon fixing on Nov 12, 2026.

-- BERNAMA