GOLD FUTURES END SLIGHTLY HIGHER

ZARUL EFFENDI RAZALI

KUALA LUMPUR, March 23 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended slightly higher today despite one contract month traded.

Phillip Futures Sdn Bhd trader Lee Pei Wan said the local gold market settled higher in line with the steady COMEX gold.

“The precious metal is attractive to investors as the fast-spreading COVID-19 raised concerns of a global slowdown,” he told Bernama today.

At the close, April 2020 went up 20 ticks to RM212 per gramme, while spot month March 2020, May 2020 and June 2020 were pegged at RM212 per gramme, RM213.20 per gramme and RM213.20 per gramme, respectively. 

Volume declined to one lot worth RM21,200 compared with two lots worth RM42,500 on Friday.

Open interest, meanwhile, remained at 126 contracts as on Friday.

At 5 pm, the price of physical gold was RM1.01 higher at RM205.93 per gramme.

-- BERNAMA

 

TAGS: Gold futures, Phillip Futures, COMEX, US dollar, Ringgit