KUALA LUMPUR: Gold futures on Bursa Malaysia Derivatives are expected to trade on a firmer footing this week, with traders eyeing a rebound within the US$4,160 to US$4,210 per troy ounce range.
SPI Asset Management managing partner Stephen Innes said the reopening of the US government will release a backlog of key data, including jobs and inflation indicators, which markets expect to come in softer.
“Weaker US figures would likely push US Treasury yields lower, revive expectations of early-2026 rate cuts and give gold room to recover after being pressured by higher real yields.
“The recent dip for the yellow metal appeared to be a positioning clean-up rather than a change in the broader trend,” he told Bernama.
