kuala lumpur: The gold futures contracts on Bursa Malaysia Derivatives concluded the trading session lower, influenced by a stronger US dollar and ongoing discussions about interest rates in the United States.

According to BERNAMA News Agency, SPI Asset Management managing partner Stephen Innes highlighted that gold prices were under pressure due to the firmer US dollar and market speculation regarding the Federal Reserve’s stance on maintaining elevated interest rates over an extended period. He noted that while gold is not experiencing a significant rally, it remains stable in a market where trust is diminishing. Innes emphasized that the current situation is more about credibility concerns rather than potential US rate cuts, suggesting that gold’s stability is crucial in such an environment.

By the close of the trading session, the spot-month July 2025 contract had declined to US$3,349.50 per troy ounce, down from US$3,371.60 per troy ounce the previous day. Similarly, the August 2025 contract dropped to US$3,367.70 per troy ounce from US$3,389.80 per troy ounce at Tuesday’s close. The September 2025 contract also saw a decrease, settling at US$3,373.60 per troy ounce compared to US$3,395.70 per troy ounce previously.

The October 2025, December 2025, and February 2026 contracts also experienced declines, closing at US$3,401.80 per troy ounce, down from US$3,423.80 per troy ounce the day before. Additionally, there was a notable increase in trading volume to 97 lots, up from 68 lots at the previous close, while open interest fell significantly to 25 contracts from 99 contracts.

Physical gold was priced at US$3,345.10 per troy ounce, according to the London Bullion Market Association’s afternoon fix on July 15, 2025.