Gold Futures Close Lower

KUALA LUMPUR, Gold futures contract on Bursa Malaysia Derivatives retreated to close lower on Thursday.At the end of the trading day, the August 2024 contract fell to US$2,521.30 per troy ounce from US$2,541.20 at Wednesday's close and September 2024 slipped to US$2,525.00 per troy ounce against US$2,544.90 previously.Meanwhile, the October 2024, November 2024, December 2024, and February 2025 notes all settled weaker at US$2,527.30 per troy ounce against US$2,544.90 previously.The volume slipped to three lots from 13 lots yesterday, while open interest decreased to 43 contracts from 54 contracts previously.The price of physical gold stood at US$2,497.95 per troy ounce, according to the London Bullion Market Association's afternoon fix on Aug 21.Source: BERNAMA News Agency