Kuala lumpur: Gold futures on Bursa Malaysia Derivatives ended stronger on Wednesday, tracking a global market rally as prices soared to a new all-time high of US$3,893.06 an ounce.

According to BERNAMA News Agency, SPI Asset Management managing director Stephen Innes mentioned that the ongoing political deadlock in the United States and expectations of the US Federal Reserve to ease interest rates have led to a slightly weaker US dollar, which has boosted gold’s attractiveness. He noted that the metal is steadily advancing toward a new all-time high, with US$3,900 an ounce now clearly within reach.

The new spot month October 2025 contract rose to US$3,902.70 per troy ounce from US$3,818.0 on Tuesday, while November 2025 increased to US$3,920.90 from US$3,836.2. Additionally, the December 2025 contract went up to US$3,936.20 from US$3,854.6 previously.

The February 2026, April 2026, and June 2026 contracts all settled higher at US$3,970.10 per troy ounce versus US$3,854.6 on Tuesday. Meanwhile, the January 2026 contract was at US$3,953.20 per troy ounce.

The trading volume surged to 309 lots from 106 from yesterday’s close, while open interest increased to 349 contracts from 155 previously. Physical gold stood at US$3,825.30 per ounce.