GOLD FUTURES END UNCHANGED

SITI NOOR AFERA ABU

KUALA LUMPUR, Feb 14 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives settled unchanged today in line with the consolidation in the US Commodity Exchange’s (COMEX) gold futures prices.

Phillip Futures Sdn Bhd trader Lee Pei Wan said market sentiment had curbed demand for the precious metal.

Another dealer said in these uncertain times, gold should remain a prime quality asset purchase as a hedge against the stock market correction.

On the local market, spot month February 2020, March 2020, April 2020 and May 2020 were pegged at RM208.7, RM208.7, RM210.10, and RM210.15 a gramme, respectively.

Volume was nil compared with three lots worth RM84,070 on Thursday while open interest rose to 137 contracts from 136 contracts.    

At 5 pm, the price of physical gold rose by 15 sen at RM202.74 a gramme.

 -- BERNAMA

 

TAGS:

Gold futures, Phillip Futures, demand, COMEX