Gold Futures Fall Tracking Weaker COMEX Performance

The gold futures market on Bursa Malaysia Derivatives closed lower on September 7, mirroring the performance of gold futures on the US Commodity Exchange (COMEX). The spot-month September 2026 contract fell to $4,419.40 per troy ounce from $4,477.50 per troy ounce on Friday.

The decline was not limited to just one contract; other contracts such as October 2026, November 2026, December 2026, February 2027, and April 2027 all saw price decreases. The October 2026 contract decreased to $4,435.60 per troy ounce from $4,491.30, while the November 2026 contract declined to $4,452.50 per troy ounce from $4,509.70.

The London Bullion Market Association’s afternoon fix on September 4 had fixed physical gold at $4,415.40 per troy ounce. Trading volume increased to 320 lots from 302 lots on last Friday, and open interest rose to 378 contracts from 357 contracts previously.