Kuala lumpur: The gold futures contract on Bursa Malaysia Derivatives is expected to trade lower next week amid profit-taking activities following easing geopolitical tensions.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that geopolitical tensions have cooled down following the World Economic Forum Summit in Davos, Switzerland. "Perhaps the spot gold prices are finding their support level around US$4,900 per troy ounce next week," he stated.

On a week-on-week basis, the January 2026 contract rose to US$4,914.80 per troy ounce from US$4,609.20 a week earlier. February 2026 climbed to US$4,928.00 from US$4,625.60, and March 2026 surged to US$4,945.90 from US$4,642.60. The April, June, and August 2026 contracts also settled higher at US$4,963.70 per troy ounce versus US$4,661.70 previously.

Weekly trading volume increased to 1,331 lots from 1,056 a week earlier, while open interest edged up to 567 contracts from 192. Physical gold was fixed at US$4,825.55 per troy ounce at the London Bullion Market Association afternoon fix on Jan 22, 2026.