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From the official Bursa Malaysia Securities Bhd roster dated November 5, KNM announced to the exchange its decision to withdraw and has filed a formal notice with Bursa Malaysia Securities. “Following the withdrawal…,” the company stated, without elaborating further.
📊 Market Context & Insight
Gold is commonly viewed by Malaysian investors as a safeguard against currency devaluation, inflationary pressures, and global instability. Many spread their risk across physical gold jewelry, bullion, Gold Investment Accounts (GIAs) from major banks like Maybank and CIMB, and Bursa Malaysia’s Gold Futures (FGLD). It’s advisable to find the right mix of physical and paper-based gold to suit your long-term investment objectives.
💡 What This Means for Malaysian Investors
Note: This article was auto-fetched from trusted news sources. For educational purposes only. Please verify with official financial advisors or licensed institutions in Malaysia before making investment decisions.
🔗 Useful Resources
Current gold dynamics in Malaysia are driven by elements such as the Malaysian Ringgit’s strength, Bank Negara Malaysia’s interest rate stance, inflation levels, and international gold valuations. Domestic demand also hinges on cultural customs, jewelry purchasing habits, and the investment inclinations of Malaysian consumers and enterprises.
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