Kuala Lampur:Gold futures on Bursa Malaysia Derivatives closed lower as a stronger United States dollar continued to impact the precious metal.

According to BERNAMA News Agency, the US dollar maintained its strength following hawkish comments from several Federal Reserve officials. Stephen Innes, a global strategist at Quintex Intel, noted that the dollar remains a clear indicator of the Fed's outlook. As long as the dollar strengthens, gold will face challenges in regaining momentum.

Innes also mentioned that while markets anticipate a positive meeting between US President Donald Trump and Chinese President Xi Jinping, this is not the primary factor affecting gold prices today.

At the close, the September 2026 contract fell to US$4,319.30 per troy ounce from US$4,320.80 the previous day, while October 2026 decreased to US$4,336.30 from US$4,338.00. The November 2026 contract dropped to US$4,353.00 per troy ounce from US$4,354.60, with December 2026, February 2027, and April 2027 all declining to US$4,360.80 per troy ounce from US$4,362.40.

Trading volume saw a decrease to 217 lots from 371, and open interest contracted to 274 contracts from 428. Physical gold was fixed at US$4,329.55 per troy ounce at the London Bullion Market Association's afternoon fix on September 22, 2026.