Gold Futures Plummet on Higher US Treasury Yields

Gold futures on Bursa Malaysia Derivatives ended lower on Tuesday, weighed down by higher US Treasury yields. According to Quintex Intel global strategist Stephen Innes, rising short-term US Treasury yields have kept gold's upside 'relatively capped for now.'

The spot-month August 2026 contract slipped to $4,393.70 per troy ounce from Monday's $4,402.50 per troy ounce. The September 2026 contract declined to $4,410.30 per troy ounce from $4,418.70 per troy ounce previously.

The October and November 2026 contracts both decreased to $4,426.40 per troy ounce from $4,434.50 per troy ounce yesterday, while the December 2026 and February 2027 contracts weakened to $4,434.20 per troy ounce from $4,442.30.

Trading volume increased to 182 lots from 132 lots on Monday, while open interest surged to 256 contracts from 201 contracts previously.