KUALA LUMPUR, April 29 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today, rebounding despite an improving market risk sentiment as concerns over trade tensions eased.
SPI Asset Management managing director Stephen Innes told Bernama that the outlook for gold remains supported by ongoing global trade uncertainty and long-term expectations of a weaker US dollar.
At today’s close, the spot month April 2025 contract increased to US$3,316.90 per troy ounce from US$3,280.90 yesterday, and May 2025 settled at US$3,325.90 per troy ounce from US$3,289.90 previously.
The June 2025, July 2025, and August 2025 contracts rose to US$3,343.70 per troy ounce from US$3,307.10 on Monday.
Trading volume declined to 64 lots from 202 lots yesterday, while open interest was slightly higher at 37 contracts against 36 contracts previously.
According to the London Bullion Market Association’s afternoon fix on April 28, physical gold was priced at US$3,296.30 per troy ounce.
-- BERNAMA
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