Kuala lumpur: Gold futures on Bursa Malaysia Derivatives are anticipated to trade cautiously next week, maintaining a narrow range between US$4,050 and US$4,100 per ounce as market participants reconsider their positions amid ongoing profit-taking.
According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that spot gold prices have continued their downward correction this week, settling at US$4,055.86 per ounce as traders and investors book profits following recent gains. Prices have decreased approximately 6.8 percent from the recent high of US$4,356.30, with a potential downside towards US$3,920.67 per ounce predicted to complete the adjustment phase.
In the United States, the consumer price index (CPI) for September was released last night, marking the first major economic report since the government shutdown on Oct 1. The latest data showed a rise in the core CPI to 330.54 in September from 329.79 the previous month, while the overall inflation rate eased to 3.0 percent, lower than expected. The CPI release serves as the final significant data point for the US Federal Reserve before its interest rate decision next week.
On a weekly basis, the spot-month October 2025 contract decreased to US$4,074.10 per troy ounce from US$4,341.60 the previous Friday. The November 2025 contract fell to US$4,090.80 per troy ounce compared to US$4,358.30 previously, and the December 2025 contract declined to US$4,107.40 per troy ounce from US$4,374.30 a week ago. The January 2026 contract dipped to US$4,124.40 per troy ounce from US$4,391.30 a week earlier, while the February 2026, April 2026, and June 2026 contracts all settled weaker at US$4,140.30 per troy ounce versus US$4,407.20 at the end of last week.
Weekly trading volume increased to 1,798 lots from 1,722 lots the previous week, while open interest rose to 346 contracts from 171 contracts previously. Physical gold was priced at US$4,143.75 per troy ounce based on the London Bullion Market Association’s afternoon fix on Oct 23, 2025.