Bullish Sentiment On Equities Drags Gold Futures Lower
KUALA LUMPUR, June 30 (Bernama) -- Gold futures contracts on Bursa Malaysia Derivatives ended lower today as global sentiment turned more bullish towards equities, said SPI Asset Management managing partner Stephen Innes.
The spot-month June 2025 contract fell to US$3,277.30 per troy ounce from US$3,340.80 per troy ounce on Thursday last week, while July 2025 dropped to US$3,296.80 from US$3,355.10 per troy ounce previously.
The August, September and October 2025 contracts all declined to US$3,312.50 per troy ounce from US$3,370.80 per troy ounce last Thursday.
Trading volume shrank to three lots versus 13 lots previously, while open interest narrowed to 24 contracts from 36 contracts.
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