Gold futures likely to be on cautious trading next week
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Gold futures on Bursa Malaysia Derivatives expected to see cautious trading next week; Investors await clearer details on US President Donald Trump's policies; Stephen Innes of SPI Asset Management predicts continued gold purchases by emerging market central banks; Asian investors hedging against trade tensions and currency depreciation; Gold prices could positively react to clarity on fiscal expansion and trade strategies; Gold projected to trade between US$2,670 and US$2,730 per troy ounce; November 2024 contract ended lower at US$2,692.70 per troy ounce from US$2,777.20; December 2024 fell to US$2,705.60; January 2025, February 2025, and April 2025 notes also settled lower; Volume increased to 82 lots from 32 lots; Open interest rose to 31 contracts from 8; Physical gold price on Nov 7 was US$2,692 per troy ounce.
#Gold #Futures #Trading #Market #Economy #Investment #BursaMalaysia #StephenInnes #UsDollar #EmergingMarkets
https://www.nst.com.my/business/economy/2024/11/1132235/gold-futures-likely%C2%A0-be-cautious-trading-next-week
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