KUALA LUMPUR: Gold futures contracts erased yesterday’s gains to close lower today as the US dollar strengthened to a one-week high while oil prices continued to slide.
October 2014 decreased 12 ticks to RM129.25 a gramme while November 2014, December 2014 and January 2015 each fell 13 ticks to RM129.60, RM129.60, RM129.80 and RM130.00 a gramme, respectively.
Open interest eased to 2,680 contracts from 2,792 contracts on Tuesday while turnover was lower at 78 lots worth RM1.006 million from Tuesday’s 135 lots worth RM1.75 million.
The physical price of gold was 55 sen lower at RM124.77 a gramme from RM125.32 a gramme on Tuesday. Bernama