Kuala lumpur: Gold futures on Bursa Malaysia Derivatives ended lower today, tracking the decline in the US COMEX market amid persistent selling activity that dampened market sentiment. SPI Asset Management managing partner Stephen Innes said the precious metal is falling towards the US$4,200 level as short-term traders continue to sell after the June 6 technical break below the 200-day moving average. "That breach shifted gold from a longer-term allocation to a short-term trading market," he told Bernama.

According to BERNAMA News Agency, Innes said the bullion sell-off appears to be driven less by a broad cross-asset repricing and more by the unwinding of speculative positions ahead of the release of the United States May Consumer Price Index (CPI) data later today. At the close, spot-month June 2026 contract decreased to US$4,180.30 per troy ounce from US$4,346.50 per troy ounce at Tuesday's close, July 2026 fell to US$4,195.30 per troy ounce from US$4,358.50, and August 2026 slipped to US$4,211.0 per troy ounce from US$4,373.20.

The September 2026 contract strengthened to US$4,215.50 per troy ounce from US$4,377.70 on Tuesday, while October 2026 fell to US$4,234.60 per troy ounce from US$4,396.80 per troy ounce previously. Trading volume rose to 26 lots against 11 on Tuesday, while open interest increased to 77 contracts from 65 contracts previously. Meanwhile, physical gold was fixed at US$4,326.75 per troy ounce at the London Bullion Market Association's afternoon fix on June 9, 2026.