Gold Futures Slide on Weaker Bullion Prices, Mixed US Data

Kuala Lumpur saw gold futures on Bursa Malaysia Derivatives decline on Thursday due to weaker global bullion prices. Investors were focused on mixed US economic data and uncertainty about future US monetary policy.

Stephen Innes, managing partner of SPI Asset Management, said that despite recovering above $4,200 per troy ounce before the US inflation data release, gold faced renewed pressure. The softer-than-expected reading should have supported bullion, but other economic releases pointed to continued US resilience.

The September 2026 contract dropped to $4,172.70 per troy ounce from $4,188.80 on Wednesday. Trading volume rose to 174 lots from 127 on the previous day, while open interest gained to 213 contracts from 171 previously.