Gold Futures May See Volatile Trading Next Week
KUALA LUMPUR, March 21 (Bernama) — Gold futures on Bursa Malaysia Derivatives may experience volatile trading next week as investors monitor uncertainty in crude oil price movements. SPI Asset Management managing partner Stephen Innes said if crude continues to rise, it could eventually trigger demand destruction, where high prices curb consumption and push oil lower, which in turn would ease inflation and help gold stabilise. “However, there is a near-term risk. If oil overshoots before demand softens, it will drag US yields higher in the interim, tighten financial conditions, and lean directly against gold. “This creates a feedback loop, where […]