Kuala lumpur: Gold futures on Bursa Malaysia Derivatives ended slightly higher on Tuesday, tracking gains in the US COMEX gold market.

According to BERNAMA News Agency, SPI Asset Management managing partner Stephen Innes stated that gold prices have remained within a narrow range, trading between US$4,995 and US$5,035 per troy ounce. He noted that the market is influenced by a gradual shift toward a more hawkish central bank outlook, which has been factored into market pricing. Markets have generally moved to a 'no cuts in 2026' baseline, maintaining elevated real yields and limiting the upside potential for gold. Innes also mentioned that while the US Federal Reserve is anticipated to refrain from resuming interest rate hikes, it is not expected to implement any cuts either.

At the close of trading, the spot-month March 2026 contract slightly increased to US$5,026.90 per troy ounce from US$5,000.10 on Monday. The April 2026 contract edged up to US$5,046.30 per troy ounce from US$5,018.90 the previous day, and the May 2026 contract improved to US$5,067.60 per troy ounce from US$5,038.20. Similarly, the June, August, and September 2026 contracts also saw gains, settling at US$5,101.50 per troy ounce compared with US$5,072.10 on Monday.

Trading volume experienced an increase, rising to 35 lots from 15 lots on Monday, while open interest expanded to 105 contracts from 89 contracts previously. Physical gold was fixed at US$4,994.85 per troy ounce at the London Bullion Market Association afternoon fix on March 16, 2026.