KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed lower yesterday tracking losses on the New York Commodity Exchange’s (Comex) gold futures.
Phillip Futures Sdn Bhd dealer Lim Eng Wee said Comex gold futures dropped to a two-and-a-half-month low yesterday on strengthening in equities while the US dollar hit a one-year high against the euro ahead of European Central Bank meeting this week.
At the close, spot month September 2014 was down by 10 ticks to settle at RM130.30 a gramme and October 2014 fell five ticks to RM130.70 a gramme.
November 2014 and June 2015 declined 12 ticks each to RM130.80 and RM132.85 a gramme, respectively.
Open interests decreased to 3,735 contracts from 6,159 contracts last Friday.
Turnover fell to 282 lots valued at RM3.68 million from 501 lots valued at RM6.56 million previously.
The gold physical price stood at RM126.13 a gramme, down one sen from RM126.14 a gramme last Friday. Bernama