KUALA LUMPUR: Gold futures on Bursa Malaysia Derivatives ended marginally higher today amid cautious sentiment as investors awaited the US consumer price index (CPI) report next week before picking a direction.

According to BERNAMA News Agency, a dealer noted that the trend remained bullish amid the US Federal Reserve’s easing cycle, but short-term corrections could be triggered by repricing in rate cut expectations. Spot month contracts for December 2024 and January 2025 closed higher at US$2,658.50 per troy ounce. Meanwhile, contracts for February, March, and April 2025 settled at US$2,682.10 per troy ounce.

Trading volume decreased significantly to 15 lots from 40 lots recorded on Monday, and open interest also fell to 35 contracts from the previous 55 contracts. Furthermore, according to the London Bullion Market Association’s afternoon fix on December 2, the price of physical gold stood at US$2,642.15 per troy ounce.