KUALA LUMPUR, Sept 13 – Gold futures on Bursa Malaysia Derivatives are expected to trade higher next week, trading between US$3,630-US$3,680 per troy ounce, amid the United States (US) Federal Reserve’s likelihood of an interest rate cut.
SPI Asset Management managing director Stephen Innes said the bullion is expected to enter next week with strong momentum, after breaching the US$3,650 mark, paving the way for further gains.
“Market pullbacks continue to attract solid buying interest, underscoring the support in the market,” he told Bernama.
The Fed is scheduled to cut its key interest rate by 25 basis points on Sept 17.
For the week just ended, gold shook off overnight weakness and traded higher into the trading session before running into familiar resistance at U$3,655 per troy once, said Innes.
On a weekly basis, the spot-month September 2025 contract improved to US$3,653.60 per troy ounce from US$3,552.50 previously.
The October 2025 contract strengthened to US$3,670.90 per troy ounce from US$3,570.30 the previous week, and the November 2025 contract increased to US$3,687.70 per troy ounce from US$3,587.10 previously.
The December 2025, February 2026, April 2026 and June 2026 contracts all settled higher at US$3,709.10 per troy ounce compared with US$3,607.5 per troy ounce previously.
Weekly trading volume jumped to 1,348 lots from 422 lots last week, while open interest climbed to 361 contracts from 292 contracts previously.
Physical gold was priced at US$3629.55 per troy ounce based on the London Bullion Market Association’s afternoon fix on Sept 11.
