KUALA LUMPUR: Gold futures contracts closed lower yesterday on lack of demand, a dealer said.
He said traders stayed on the sidelines to await the US Federal Reserve's announcement on the interest rates, which could be raised sooner than expected.
The Fed’s Chair Janet Yellen will deliver her speech at 10pm.
August 2014 and September 2014 each shed seven ticks to RM130.20 a gramme and RM130.55 a gramme, respectively, October 2014 fell 15 ticks to RM130.75 and December 2014 declined five ticks to RM131.30 a gramme.
Open positions eased to 5,384 contracts from yesterday's 5,524 contracts.
The gold physical price stood at RM125.95 a gramme, down 50 sen from RM126.45 a gramme previously. Bernama