Gold Futures Close Higher, Tracking COMEX Gains

KUALA LUMPUR, Nov 3: Gold futures on the Bursa Malaysia Derivatives (BMD) closed higher on Monday, mirroring the positive momentum in the US COMEX gold market, as investors maintained a bullish outlook on the precious metal.

The November 2025 spot month contract climbed to US$4,023.50 per troy ounce from US$4,022.00 previously, while the December 2025 contract rose to US$4,040.40 from US$4,039.30. The January 2026 contract also edged up to US$4,059.00 compared to US$4,056.30 on Friday.

Further out, February 2026, April 2026, and June 2026 contracts all closed higher at US$4,074.90 per troy ounce, up from US$4,072.20 previously.

Trading volume remained steady at 212 lots, unchanged from last Friday, while open interest eased slightly to 289 contracts from 300.

According to the London Bullion Market Association (LBMA) afternoon fix on Oct 31, 2025, physical gold was priced at US$4,011.50 per troy ounce.

Analysts said the upward trend was supported by continued geopolitical tensions and expectations of slower US interest rate hikes, which boosted safe-haven demand for gold.

“Gold remains resilient as investors look for protection amid global uncertainties, especially with mixed economic signals from the US and Europe,” said a local commodities trader.

Market watchers expect the metal to trade within a firm range in the near term, supported by global inflation concerns and sustained investment demand.