Kuala lumpur: Gold futures on Bursa Malaysia Derivatives are projected to maintain a positive trading bias next week, influenced by gains in the US Commodity Exchange (COMEX) gold amid a holiday-shortened week due to the New Year celebrations.

According to BERNAMA News Agency, RHB Investment Bank Bhd noted on Friday that after gold reached another all-time high during early trading to exceed US$4,500 per troy ounce, the metal might continue its upward trajectory, potentially testing resistances at US$4,700 and US$4,800 per troy ounce.

Traders are advised to maintain their long positions initiated at US$3,562.90 at the close of September 2 trading. The bank suggested managing trading risks by placing a stop-loss threshold at US$4,000 per troy ounce. The first support level is positioned at US$4,200 per troy ounce, followed by US$4,000 per troy ounce, while immediate resistances are pegged at US$4,700 and then US$4,800 per troy ounce.

On a week-on-week basis, the spot-month December 2025 contract increased to US$4,487.40 per troy ounce from US$4,331.30 per troy ounce previously. Similarly, the January 2026 contract rose to US$4,505.10 per troy ounce from US$4,349 per troy ounce. February 2026 saw gains to US$4,520.60 per troy ounce from US$4,364.10 per troy ounce, and March 2026 climbed to US$4,537.30 per troy ounce from US$4,380.80 per troy ounce.

Furthermore, the April 2026, June 2026, and August 2026 contracts settled higher at US$4,555.30 per troy ounce, compared with US$4,380.80 per troy ounce previously. The weekly trading volume decreased to 209 lots from 520 lots the previous week, while open interest declined to 95 contracts from 149. Physical gold was fixed at US$4,449.40 per troy ounce at the London Bullion Market Association afternoon fix on December 23, 2025.