Gold Futures Contract on Bursa Malaysia Derivatives End Lower on Monday

Strategic Insights -

Global risk sentiments improved, leading to a decline in the gold futures contract on Bursa Malaysia Derivatives on Monday. According to an analyst, the contract ended lower as markets reassessed the likelihood of oil supply disruptions, which had initially contributed to the increase in gold prices. Stephen Innes, managing partner of SPI Asset Management, stated that the decline in gold prices was due to the improvement in market sentiments, with risk-on flows reducing the demand for gold as a safe-haven asset.

Key Takeaways:

  • The gold futures contract on Bursa Malaysia Derivatives ended lower on Monday due to improved global risk sentiments.
  • The decline in gold prices was attributed to the reassessment of the immediate threat of oil supply disruptions, which reduced the demand for gold as a safe-haven asset.
  • Stephen Innes, managing partner of SPI Asset Management, stated that gold traded softer throughout the day, with the decline in prices coming as markets reassessed the geopolitical risk premium.
  • The spot-month June 2025 contract eased to US$3,425.2 per troy ounce, while the July 2025 note dropped to US$3,433.7 from US$3,438.7 previously.
  • The August, September, and October 2025 contracts dipped to US$3,453.2 per troy ounce from US$3,458.2 on Friday.
  • Trading volume fell to 25 lots versus 56 lots on Friday, while open interest improved to 61 contracts from 50 contracts.

Statistics:

  • The gold futures contract on Bursa Malaysia Derivatives ended lower on Monday, with the spot-month June 2025 contract easing to US$3,425.2 per troy ounce.
  • The July 2025 note dropped to US$3,433.7 per troy ounce, representing a decrease of US$5 from the previous day.
  • The August, September, and October 2025 contracts dipped to US$3,453.2 per troy ounce from US$3,458.2 on Friday, a decrease of US$5 from the previous day.
  • Trading volume fell to 25 lots from 56 lots on Friday, representing a decline of 55.4%.
  • Open interest improved to 61 contracts from 50 contracts, representing an increase of 22%.

Sources:

BERNAMA News Agency, 16 Jun 2025