KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives ended higher yesterday, ahead of the release of US economic data and the Swiss referendum on central bank gold reserves.
Philip Futures Sdn Bhd dealer Ahmad Danial Zainudin said the market was optimistic but cautiously awaiting the US economic data.
November 2014 went up 13 ticks to RM129.60 a gramme while December 2014, January 2015 and February 2015 rose 12 ticks each to RM129.95 a gramme, RM130.20 a gramme and RM130.50 a gramme respectively.
Open interest was slightly lower at 2,019 contracts from Monday’s 2,037 contracts while turnover fell to 63 lots worth RM817,000 from 102 lots worth RM1.32 million.
At 5pm, the physical price of gold was 39 sen higher at RM125.04 a gramme from RM124.65 a gramme previously. Bernama