Fiscal Concerns Drive Gold Futures Higher Amid Global Debt Burdens

Gold futures on Bursa Malaysia Derivatives ended higher on Tuesday due to global fiscal concerns and rising government debt burdens. According to Quintex Intel global strategist Stephen Innes, gold continues to trade with surprising resilience despite a hostile traditional macroeconomic backdrop.

Innes noted that structural demand is being reinforced in Asia, where the People's Bank of China (PBOC) is accumulating gold while mainland Chinese investors remain active buyers of gold exchange-trade funds (ETFs).

Gold prices rose to US$4,424.20 per troy ounce for the spot-month August 2026 contract and US$4,445.9 per troy ounce for the September 2026 contract.