Kuala lumpur: Gold futures on Bursa Malaysia Derivatives are expected to trade within the US$4,400 per troy ounce to US$4,500 per troy ounce range next week, supported by safe-haven demand amid uncertainty over the United States interest rate outlook.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid stated that the resilient US labour market, coupled with higher inflation expectations, suggests that the Federal Reserve is likely to maintain its restrictive monetary stance when it meets on June 16-17. He explained that this could keep investors cautious and support demand for gold as a safe-haven asset.

On a week-on-week basis, the spot-month June 2026 contract decreased to US$4,484.50 per troy ounce from US$4,553.30 per troy ounce at last Friday's close; July 2026 slid to US$4,499.20 per troy ounce from US$4,567.00 per troy ounce, and August 2026 eased to US$4,513.90 per troy ounce from US$4,567.00 per troy ounce.

The September 2026 contract shed to US$4,518.40 per troy ounce from US$4,567.00 per troy ounce, and October 2026 slipped to US$4,522.90 per troy ounce from US$4,567.00 per troy ounce previously.

Weekly trading volume narrowed to 39 lots from 66 lots, while open interest decreased to 60 contracts from 98 contracts a week earlier. Physical gold was fixed at US$4,496.95 per troy ounce at the London Bullion Market Association's afternoon fix on June 4, 2026.