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Commodity futures

Gold Futures Contract Ends Higher on Bursa Malaysia Derivatives

Strategic Insights

— 2 min read

The gold futures contract on Bursa Malaysia Derivatives experienced a rise on Thursday, driven by increased demand from investors seeking refuge in the precious metal. This surge was partly attributed to China's central bank increasing its gold holdings by 60,000 troy ounces in July, bringing the total to 73.96 million troy ounces. The move suggests that gold is being sought after as a safe-haven asset amid uncertainty surrounding United States tariffs. The precious metal's price continued to climb, with the spot-month August 2025 contract rising to US$3,410.50 per troy ounce from US$3,381.50 at the previous close.

Key Takeaways:

  • The gold futures contract on Bursa Malaysia Derivatives ended higher on Thursday, driven by increased demand from investors seeking refuge in the precious metal.
  • China's central bank increased its gold holdings by 60,000 troy ounces in July, bringing the total to 73.96 million troy ounces, supporting the rise in prices.
  • The spot-month August 2025 contract rose to US$3,410.50 per troy ounce from US$3,381.50 at the close of the previous day.
  • The September 2025 contract improved to US$3,416.2 per troy ounce from US$3,387.00 the previous day, while October 2025 inched up to US$3,444.90 per troy ounce from US$3,415.70.
  • November 2025 advanced to US$3,462.30 per troy ounce from US$3,433.10, with the December 2025, February 2026, and April 2026 contracts also settling higher at US$3,480.20 per troy ounce compared with US$3,451.00 the previous day.
  • Trading volume eased to 24 lots from 25 lots the previous day, while open interest edged up to 51 contracts from 50 previously.
  • Physical gold was priced at US$3,372.00 per troy ounce based on the London Bullion Market Association's afternoon fix on Aug 6, 2025.

Statistics:

  • The gold futures contract on Bursa Malaysia Derivatives rose to US$3,410.50 per troy ounce in the spot-month August 2025 contract.
  • China's central bank increased its gold holdings by 60,000 troy ounces in July, bringing the total to 73.96 million troy ounces.
  • The September 2025 contract improved to US$3,416.2 per troy ounce from US$3,387.00 the previous day, representing a 0.3% increase.
  • Trading volume eased to 24 lots from 25 lots the previous day, a decrease of 4%.
  • Open interest edged up to 51 contracts from 50 previously, a 2% increase.

Sources:

  • BERNAMA News Agency, 07 Aug 2025
  • Bank Muamalat Malaysia Bhd, via Dr Mohd Afzanizam Abdul Rashid
  • London Bullion Market Association

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