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Gold futures on Bursa Malaysia Derivatives are expected to rise next week, buoyed by escalating geopolitical tensions. The spot-month December 2024 contract and early 2025 contracts showed significant increases, mirroring trends in the US Comex. Trading volumes and open interest have both surged, reflecting heightened market activity. Trade Gold Futures with KGI Now: https://lnkd.in/gFJR-Y5K

Gold futures rose significantly due to optimism about potential Federal Reserve rate cuts following recent U.S. inflation data. The December 2024 contract increased to $2,720.80 per troy ounce, with subsequent months also posting gains. Trading volume and open interest both saw substantial rises. Physical gold was priced at $2,705.45 per troy ounce according to the latest London Bullion Market Association fix. Trade Gold Futures with KGI Now: https://lnkd.in/gFJR-Y5K

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Gold reached a two-week peak, driven by China’s central bank resuming gold purchases and rising geopolitical tensions in the Middle East. The People's Bank of China acquired 160,000 ounces after a six-month hiatus, coinciding with market uncertainty due to the Syrian crisis. With global inflation reports pending and the Federal Reserve's forthcoming meeting, gold prices are supported, currently trading at $2,659.42 an ounce. Trade Gold Futures with KGI Now: https://lnkd.in/gXTTEdFi

Gold extended gains, reaching $2,671.03 per ounce, driven by China’s pledge for economic stimulus and renewed central bank gold purchases. Safe-haven demand grew amid U.S.-China tensions. Lower interest rate expectations, with potential cuts from the Fed and ECB, further supported gold's appeal. As non-yielding bullion thrives on low rates, traders await U.S. inflation data for further cues. Gold futures rose to $2,693.50. Trade Gold Futures with KGI Now: https://lnkd.in/gXTTEdFi