Kuala Lumpur: The gold futures contract on Bursa Malaysia Derivatives ended higher for the fourth straight day of trading today, driven by stronger ringgit and equity market, said an analyst.

According to BERNAMA News Agency, SPI Asset Management managing director Stephen Innes mentioned that the markets have paused for breath after last week’s turbulence across the United States bonds and foreign exchange. He highlighted that the Federal Reserve Bank of Boston president Susan Collins has indicated the US central bank’s readiness to intervene if US Treasury yields spiral, which has helped to alleviate some of the tension.

Innes further explained that gold is currently consolidating, and in Malaysia, with both equities and the ringgit finishing stronger, local demand for gold has slightly decreased. At the close today, the spot month April 2025 contract increased to US$3,233.40 per troy ounce from US$3,224.0 per troy ounce on Friday, while the May 2025 contract rose to US$3,243.80 per troy ounce from US$3,234.40 per troy ounce previously.

The June 2025, July 2025, and August 2025 contracts also experienced gains, climbing to US$3,256.30 per troy ounce from US$3,246.80 per troy ounce previously. Despite these increases, trading volume decreased significantly to 330 lots from 1,193 lots on Friday, and open interest dropped to 364 contracts from 1,232 contracts.

According to the London Bullion Market Association’s afternoon fix on April 11, physical gold was priced at US$3,230.50 per troy ounce.