KUALA LUMPUR: Gold futures contracts closed higher in line with the metal’s price uptrend on the New York Commodity Exchange.
Phillip Futures Sdn Bhd dealer Thomas Yew Jia-Jong said gold prices on the global market rose on the back of increased geopolitical tensions between Ukraine and Russia.
However, he said gains were capped by rising equities in the US and indications of a US interest rate hike.
Spot month August 2014 rose 26 ticks to settle at RM131.40 a gramme, September 2014 grew 29 ticks to RM131.75, October 2014 added 30 ticks to RM132.00 and November 2014 increased 18 ticks to RM132.45 a gramme.
The physical gold price stood at RM126.45 per gramme, up 56 sen from RM125.89 a gramme previously.