Kuala lumpur: Gold futures on Bursa Malaysia Derivatives closed lower on Thursday, tracking losses in the US COMEX gold market. The price of the precious metal was influenced by the renewed strength of the US dollar as global markets adopted a more defensive stance.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that the US dollar strengthened, with the US Dollar Index (DXY) gaining momentum amid signs of profit-taking following mixed US economic data. At the time of writing, the US DXY rose by 0.18 percent to 97.81.

At the closing, the spot month February 2026 contract fell to US$4,892 per troy ounce from US$5,110. Similarly, the March 2026 contract decreased to US$4,909.50 per troy ounce from US$5,127.50, and the April 2026 contract dropped to US$4,926.30 per troy ounce from US$5,144.30 on Wednesday. Contracts for May, June, and August 2026 also saw a decline, settling at US$4,926.30 per troy ounce, compared with US$5,144.30 the previous day.

Trading volume increased to 35 lots from 14 lots the day before, while open interest went up to 126 contracts from 111 contracts previously. Meanwhile, the price of physical gold was set at US$4,985.10 per troy ounce at the London Bullion Market Association afternoon fix on February 4, 2026.