Commodities
Gold Futures Slip for Second Straight Day Amid Fading Rate Hike Expectations
Gold futures on Bursa Malaysia Derivatives dropped for the second consecutive day due to investors digesting United States economic data.
A dealer noted that gold futures fell ahead of the weekend despite fading expectations of a Federal Reserve interest rate hike in September. The investor's attention is focused on upcoming employment data and remarks by Fed chair Kevin Warsh at the central bank's 48th Jackson Hole symposium later this month, which will provide clues about the interest rate outlook.
The spot-month August 2026 contract closed at US$4,358.7 per troy ounce, down from US$4,388.80 per troy ounce previously. The September 2026 contract declined to US$4,374.9 per troy ounce from US$4,405.00 per troy ounce.