KUALA LUMPUR, Dec 12 — The gold futures contract on Bursa Malaysia Derivatives closed marginally higher today with two lots traded worth RM143,944.
Phillip Capital Sdn Bhd dealer Dave Wai Weng Sin told Bernama that Comex gold prices edged lower today as investors squared positions ahead of the release of US inflation data tomorrow and a slew of central bank meetings across the world, especially the US Federal Reserve.
He said the US central bank was widely expected to raise interest rates by 50 basis points at its final meeting of 2022, scheduled on Dec 13-14.
At the close, spot month December 2022 futures contract stood at US$1,795.60 per troy ounce, while January 2023, February 2023, March 2023, April 2023, and June 2023 all stood at US$1,799.30 per troy ounce.
The price of physical gold was at US$1,793.00 per troy ounce as published by the London Bullion Market Association (LBMA) PM fix on Dec 9, 2022. — Bernama