Gold Futures End Lower For Third Day Running

By Danni Haizal Danial Donald

KUALA LUMPUR, June 25 (Bernama) -- Gold futures on Bursa Malaysia Derivatives finished lower for a third consecutive day on Thursday, weighed down by expectations of higher United States (US) interest rates following the release of the US Personal Consumption Expenditures (PCE) inflation data later tonight.

SPI Asset Management managing partner Stephen Innes said the US PCE inflation data release could validate near-term bearish pressure on gold prices if the reading comes in higher than expected.

Innes told Bernama that a larger offset for the bullion is the sharp decline in crude oil prices, which is clearly disinflationary in the broader picture.

“A flatter US yield curve, weak exchange-traded fund participation and a broader speculative preference for the artificial intelligence (AI) trade boom have left the yellow metal struggling for investor support.

“At present, the precious metal is being treated less as a macro hedge and more as capital being redeployed into the AI trade,” he said.

At the close, the spot-month June 2026 contract fell to US$3,997.10 per troy ounce from US$4,073.70 at Wednesday’s close, the July 2026 contract went down to US$4,011.50 per troy ounce from US$4,088.10 yesterday, and the August 2026 contract decreased to US$4,033.80 per troy ounce from US$4,110.40.

The September 2026 contract declined to US$4,038.30 per troy ounce from US$4,114.90 at the previous close, while the October 2026 and December 2026 contracts were lower at US$4,057.40 per troy ounce compared with US$4,134.00 yesterday.

Trading volume slipped to 12 lots from 17 on Wednesday while open interest shrank to 73 contracts from 82 previously.

Meanwhile, physical gold was fixed at US$4,024.45 per troy ounce at the London Bullion Market Association afternoon fix on June 24, 2026.

-- BERNAMA