Gold Futures End Higher Spurred By Safe-Haven Demand
Gold futures on Bursa Malaysia Derivatives rebounded to end higher on Friday, driven by steady demand. A dealer noted that investors flocked to gold as a safe-haven asset, driving up its demand and price amid escalating conflicts in the Middle East and caution ahead of the critical US nonfarm payrolls data to be released later tonight. Spot month October 2024 gold futures contract increased to US$2,669.80 per troy ounce from US$2,655.80 per troy ounce on Thursday, while November 2024 rose to US$2,691.10 per troy ounce from US$2,677.60 yesterday. Meanwhile, the December 2024, January 2025 and February 2025 contracts all settled