Kuala lumpur: Gold futures on Bursa Malaysia Derivatives ended higher on Monday, as investors turned to the safe-haven asset amid a weakening greenback and growing uncertainty over US economic policies, an analyst said. Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that the US economy is likely to weaken as the executive branch continues to struggle in prescribing the right policies amid political polarisation. He suggested that the US economy would need further assistance in the form of lower interest rates.

According to BERNAMA News Agency, Dr. Mohd Afzanizam Abdul Rashid commented that the US central bank might need to be more aggressive in cutting interest rates, which could impact market risk sentiment. He added that as the US dollar holds a high degree of safe-haven status, precious metals like gold appear to be the appropriate alternative, thereby boosting the value of gold.

The September 2025 contract rose to US$3,817.3 per troy ounce from US$3,750.3 on Friday. Similarly, the October 2025 contract increased to US$3,832.4 from US$3,765.4, and the November 2025 contract climbed to US$3,850.6 from US$3,783.6. The December 2025, February 2026, April 2026, and June 2026 contracts all settled higher at US$3,869.0 per troy ounce compared to US$3,803.5 last Friday.

The trading volume saw a decline to 339 lots from 605 lots last Friday, while open interest fell to 375 contracts from 658 contracts previously. Physical gold stood at US$3769.85 per troy ounce, based on the London Bullion Market Association’s afternoon fix on Sept 26, 2025.