Kuala lumpur: The gold futures contract on Bursa Malaysia Derivatives is anticipated to experience cautious trading next week as traders await new developments concerning the US-Iran nuclear discussions. The US and Iran are set to engage in another round of talks in Vienna following recent meetings in Geneva, Switzerland, which concluded without reaching an agreement.

According to BERNAMA News Agency, SPI Asset Management managing partner Stephen Innes indicated that any escalation in geopolitical tensions over the weekend could lead to a significant increase in gold prices at the start of next week. Gold remains sensitive to geopolitical developments.

On a week-on-week basis, the February 2026 contract rose to US$5,174.10 per troy ounce from US$5,046.30, and March 2026 increased to US$5,200.30 from US$5,063.30 per troy ounce. April and May 2026 also saw improvements, reaching US$5,218.50 per troy ounce from US$5,081.10 previously.

The June and August 2026 contracts settled higher at US$5,252.40 per troy o
unce, compared to US$5,115.0 per troy ounce in the previous session. Weekly trading volume strengthened to 56 lots from the previous week’s 26 lots, with open interest rising to 116 contracts from 98.

The price of physical gold was fixed at US$5,167.35 per troy ounce at the London Bullion Market Association afternoon fix on February 26, 2026.