Gold Futures Close Lower Amid Stronger US Dollar

KUALA LUMPUR, July 6 (Bernama) -- Gold futures on Bursa Malaysia Derivatives Gold closed lower on Monday as investors took profits amid a stronger US dollar ahead of the release of the US Federal Reserve's June meeting minutes later this week.

At the close, the spot-month July 2026 contract slid to US$4,153.70 from US$4,183.40 per troy ounce last Friday. 

The August 2026 contract decreased to US$4,174.30 per troy ounce from US$4,204.00, while the September 2026 contract dropped to US$4,187.40 per troy ounce from US$4,216.90.

The October 2026 and December 2026 contracts both slipped to US$4,206.50 per troy ounce from US$4,236.00 previously.

Trading volume narrowed to 101 lots from 310 on Friday, while open interest eased to 172 contracts from 392 previously.

Meanwhile, physical gold was fixed at US$4,164.15 per troy ounce at the London Bullion Market Association's afternoon fix on July 3, 2026.

-- BERNAMA