Muted trading interest likely for local gold futures


Phillip Futures Sdn Bhd dealer Edison Lai said gold prices were expected to trade below U$1,780 (RM7,455.53) an ounce until the emergence of a new market catalyst that indicated the next possible price direction.

KUALA LUMPUR: The gold futures market on Bursa Malaysia Derivatives is expected to see muted trading interest this week as the yellow metal’s prices are likely to remain under pressure.

Phillip Futures Sdn Bhd dealer Edison Lai said gold prices were expected to trade below U$1,780 (RM7,455.53) an ounce until the emergence of a new market catalyst that indicated the next possible price direction.

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