Gold Futures Contract on Bursa Malaysia Derivatives Expected to Trade Higher

Strategic Insights -

The gold futures contract on Bursa Malaysia Derivatives is expected to trade higher next week following the United States Federal Reserve chair Jerome Powell's signal of a possible interest rate cut in September. Powell's statement at the Jackson Hole Economic Policy Symposium hinted at a rate cut at the Federal Open Market Committee's meeting on September 16-17, lifting safe-haven assets. Market players will be closely monitoring consumer confidence data from the US Conference Board and the personal consumption expenditures price index to gauge the impact on inflation. The spot-month August 2025 gold futures contract decreased to US$3,327.30 per troy ounce on Friday, with other contracts also experiencing losses.

Key Takeaways:

  • Gold futures contract on Bursa Malaysia Derivatives expected to trade higher next week due to Jerome Powell's hint of a possible interest rate cut.
  • Spot-month August 2025 gold futures contract decreased to US$3,327.30 per troy ounce on Friday, down from US$3,344.10 per troy ounce a week earlier.
  • Other contracts, including the September, October, and November 2025 notes, also experienced losses, with the December 2025, February 2026, and April 2026 contracts settling lower at US$3,399.40 per troy ounce.
  • Weekly trading volume decreased to 53 lots from 98 lots in the previous week, while open interest increased to 56 contracts from 38 contracts.
  • Physical gold was priced at US$3,338.30 per troy ounce based on the London Bullion Market Association's afternoon fix on August 21.
  • Market players will be monitoring data from the US Conference Board consumer confidence and the personal consumption expenditures price index.

Statistics:

  • Spot-month August 2025 gold futures contract: US$3,327.30 per troy ounce (Friday) and US$3,344.10 per troy ounce (previous week).
  • September 2025 gold futures contract: US$3,332.70 per troy ounce (previous week) and US$3,349.50 per troy ounce.
  • October 2025 gold futures contract: US$3,362.20 per troy ounce (previous week) and US$3,378.90 per troy ounce.
  • Weekly trading volume: 53 lots (decrease from 98 lots in the previous week).
  • Open interest: 56 contracts (increase from 38 contracts).
  • Physical gold price: US$3,338.30 per troy ounce (August 21).

Sources:

  • BERNAMA News Agency (August 23, 2025)
  • Jackson Hole Economic Policy Symposium
  • Federal Open Market Committee
  • US Conference Board
  • London Bullion Market Association