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.
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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.