Kuala Lumpur: The gold futures contract on Bursa Malaysia Derivatives ended lower today as geopolitical nerves ease and global markets regain their footing. SPI Asset Management managing partner Stephen Innes said that with both risk assets and bond markets stabilising through the Asia and London sessions, demand for traditional safe havens like gold has cooled slightly.

According to BERNAMA News Agency, the spot month May 2025 contract decreased to US$3,310.80 per troy ounce from US$3,317.20 per troy ounce yesterday, while the June 2025 contract dropped to US$3,323.80 per troy ounce from US$3,330.20 per troy ounce. The July, August, and October 2025 contracts also fell, closing at US$3,337.50 per troy ounce from the previous US$3,343.90 per troy ounce.

The trading volume saw a decrease to 559 lots from 665 lots on Wednesday, while open interest declined to 597 contracts from 698 contracts yesterday. Physical gold was priced at US$3,299.65 per troy ounce, as per the London Bullion Market Association’s afternoon fix on May 21.