Gold futures contracts on Bursa Malaysia Derivatives opened marginally higher Monday, continuing its last week's buying
momentum, dealers said.
A dealer said the precious metal was in favour ahead of the uncertain US economic data expected to be released this week.
The data would give the cue on when the Federal Reserve would start to taper its bond-buying programme, the dealer added.
At 9.29am, only one contract month was traded in the local market.
December 2013 was traded at RM129.75 a gramme, up six ticks from Friday's settlement, with two lots traded.
January 2014 stood at RM129.55 a gramme while February 2014 and March 2014 were both pegged at RM129.95 a gramme, respectively.
Open interest stood at 1,132 contracts
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