Kuala lumpur: Gold futures on Bursa Malaysia Derivatives ended higher on Friday, reversing the previous day's losses. This upward shift aligns with the stronger performance on the US COMEX and comes amid a weakening US dollar.

According to BERNAMA News Agency, Stephen Innes, managing partner at SPI Asset Management, stated that the declining greenback influenced market sentiment, resulting in lower US Treasury yields. Innes further mentioned that bullion is gaining support due to its positive correlation with US equities, contributing to its recent rise.

At the market close, the spot-month June 2026 contract saw an increase to US$4,232.70 per troy ounce, up from US$4,091.50 per troy ounce at Thursday's close. Similarly, the July 2026 contract rose to US$4,249.30 per troy ounce from US$4,106.50, and the August 2026 contract climbed to US$4,265.70 per troy ounce from US$4,124.20.

The September 2026 contract experienced a rise to US$4,270.20 per troy ounce from US$4,128.70 on Thursday, while the October 2026 contract increased to US$4,289.30 per troy ounce from the previous US$4,147.80 per troy ounce.

Trading volume expanded to 22 lots from 18 lots on Thursday, indicating heightened market activity. Additionally, open interest edged up to 89 contracts from 88 contracts previously. Meanwhile, the London Bullion Market Association (LBMA) fixed the physical gold price at US$4,074.85 per troy ounce during the afternoon fix on June 11, 2026.