Gold Futures Close Higher

The gold futures contract on Bursa Malaysia Derivatives closed higher in line with COMEX gold prices.At the close, spot month July 2024 contract rose to US$2,372.40 per troy ounce from US$2,371.00 per troy ounce on Thursday.Contracts for August 2024, September 2024, October 2024, December 2024 and February 2025 also increased to US$2,385.80 per troy ounce from US$2,384.40 per troy ounce yesterday.Volume rose to 29 lots from 11 lots yesterday, while open interest improved to 53 contracts from 35 contracts previously.The price of physical gold stood at US$2,364.20 per troy ounce, according to the London Bullion Market Association's afternoon fix on July 25.Source: BERNAMA News Agency