adminKUALA LUMPUR, June 13 (Bernama) — Gold futures on Bursa Malaysia Derivatives are expected to trade cautiously next week as investors monitor developments in the West Asia conflict.
SPI Asset Management managing partner Stephen Innes said the key factor remains whether the United States and Iran can secure a peace agreement, which could lift gold prices back above the US$4,300 level.
“If a credible deal is reached, the US dollar could weaken by around three to five per cent over the course of the month, which would be meaningful for currency markets and gold.
“However, there are still many uncertainties. If a deal is taken off the table, markets are likely to revert to trading headline risk, and gold traders may turn more cautious rather than directional,” he told Bernama.
On a week-on-week basis, the spot-month June 2026 contract decreased to US$4,232.70 per troy ounce from US$4,484.50 per troy ounce at last Friday’s close; July 2026 slid to US$4,249.30 per troy ounce from US$4,499.20 per troy ounce last week, and August 2026 fell to US$4,265.70 per troy ounce from US$4,513.90 per troy ounce previously.
The September 2026 contract slipped to US$4,270.20 per troy ounce from US$4,518.40 per troy ounce, and October 2026 dipped to US$4,289.30 per troy ounce from US$4,522.90 per troy ounce previously.
Weekly trading volume jumped to 104 lots from 39 lots, while open interest increased to 89 contracts from 60 contracts a week earlier.
Physical gold was fixed at US$4,074.85 per troy ounce at the London Bullion Market Association’s afternoon fix on June 11, 2026.
— BERNAMA
