Gold futures likely to trade lower next week on oil price uncertainty - NST Online
Gold futures likely to trade lower next week on oil price uncertainty NST Online
Source: NST Online · July 29, 2026 at 6:54 AM · AI-assisted report
KUALA LUMPUR, 29 JULY 2026 —
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KUALA LUMPUR, July 26 - Gold futures are expected to trade lower next week due to uncertainty surrounding oil prices, according to market analysts. The precious metal's price movement is likely to be influenced by the volatility in the oil market, which may lead to a decline in gold prices. Details on the specific factors contributing to the oil price uncertainty are not yet available.
Market Impact
The potential decline in gold prices may have an impact on the Malaysian market, particularly on investors who have exposure to gold-related assets. The Malaysian ringgit's performance against the US dollar may also be affected, as changes in gold prices can influence currency markets. However, the extent of the impact on the local market is still uncertain and will depend on various factors, including global economic trends and investor sentiment.
According to reports, the uncertainty in oil prices is expected to be a key driver of gold price movements in the coming week. As of July 26, the factors contributing to the oil price uncertainty have not been fully disclosed, but market analysts are closely monitoring the situation. Details on the specific factors contributing to the oil price uncertainty are not yet available. The price of gold futures will likely be influenced by a range of factors, including global economic data, central bank policies, and geopolitical events.
Looking ahead, market participants will be closely watching the development of oil prices and their impact on gold futures. The outlook for gold prices remains uncertain, and investors will be seeking clarity on the factors driving the oil market volatility. As the situation unfolds, further updates will be provided, and market analysts will continue to assess the potential implications for the Malaysian market and the global economy.