KUALA LUMPUR, March 20 (Bernama) — Gold futures contract on Bursa Malaysia Derivatives opened higher today after the US Federal Reserve’s dovish stance on interest rates, a dealer said.
The central bank decided not to raise interest rates anytime soon that has actually lifted the bullion.
At 9.30 am, March 2015 increased 25 ticks to RM139.90 a gramme and April 2015 advanced 26 ticks to RM140.40 a gramme.
Volume stood at eight lots while open interest amounted to 2,583 contracts.
At 9.30 am, physical gold stood at RM135.30 a gramme, up 76 sen, from Thursday’s RM135.30 a gramme.