Gold Futures Rise on COMEX Prices and Geopolitical Uncertainties
Gold futures on Bursa Malaysia Derivatives ended higher on July 9, influenced by stronger COMEX gold prices. This was due to renewed safe-haven demand in response to ongoing geopolitical uncertainties.
The spot-month July 2026 contract rose to $4,115.60 per troy ounce from yesterday's price of $4,064.70. The August and September 2026 contracts also saw gains, reaching $4,136.20 and $4,149.40 respectively.
The October and December 2026 contracts both increased to $4,179.90 per troy ounce from their previous prices of $4,129.00. Trading volume remained unchanged at 134 lots, but open interest decreased to 204 contracts from 211 previously.