KUALA LUMPUR, June 20 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher today after softer-than-expected US retail sales boosted interest rate cuts later this year.
At the close, the spot month June 2024 contract increased to US$2,336.10 per troy ounce from US$2,335.90 per troy ounce yesterday, while July 2024 rose to US$2,342.90 per troy ounce from US$2,342.70 per troy ounce previously.
August 2024, September 2024, October 2024, and December 2024 all settled higher at US$2,358.90 per troy ounce compared with US$2,358.40 per troy ounce yesterday.
Volume slid to 15 lots from 19 lots at yesterday’s close, while open interest fell to 25 contracts from 47 contracts previously.
The price of physical gold stood at US$2,324.25 per troy ounce, according to the London Bullion Market Association’s afternoon fix on June 19.
-- BERNAMA
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