Gold futures predicted to trade higher this week


KUALA LUMPUR: The gold futures contract on Bursa Malaysia Derivatives is expected to trade higher this week, tracking the performance of the Comex in the United States amid uncertainty surrounding the market.

OCBC Bank Research said in a note that gold’s blistering rally, which has seen the precious metal rise 11.5% year to date as of April 3, may have further room to run in the medium term.

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