Sina Financial News Stephen Innes, managing director of SPI Asset Management Co., Ltd., said that next week, Bursa Malaysia's Derivatives gold futures contracts will follow external developments and the performance of the New York Mercantile Exchange in the United States, showing a rise trend. Next week's focus will be on US non-farm payrolls, so I expect Bursa Malaysia gold futures to trade sideways for most of next week, with support at $2,035 per ounce and resistance at $2,065 per ounce.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysts: Gold futures are expected to rise next week
Sina Financial News Stephen Innes, managing director of SPI Asset Management Co., Ltd., said that next week, Bursa Malaysia's Derivatives gold futures contracts will follow external developments and the performance of the New York Mercantile Exchange in the United States, showing a rise trend. Next week's focus will be on US non-farm payrolls, so I expect Bursa Malaysia gold futures to trade sideways for most of next week, with support at $2,035 per ounce and resistance at $2,065 per ounce.