Gold Futures End Marginally Higher

Kuala Lumpur (Dec 5)  Gold futures contracts on Bursa Malaysia Derivatives were marginally higher at close Friday with two contract months traded.

 A dealer said the local gold futures closed firmer for the fifth consecutive day today, despite the overnight correction on the US Commodity Exchange (COMEX) gold futures.

 The market was thinly traded on cautious buying interest, he added, and some profit taking on long positions was observed.

 At close, spot month December 2014 added 30 ticks to RM135.45 a gramme, while January 2015 gained six ticks to RM135.70 a gramme.

 Open interest dwindled to 1,768 contracts from yesterday's 1,787 contracts, while turnover shrunk to 42 lots worth RM570,000, from the 46 lots worth RM620,000 previously.

 Meanwhile, the physical price of gold at 5 pm was 69 sen higher at RM129.82 a gramme from RM129.13 a gramme on Thursday.

Source:  Bernama.news