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By Saraswathi Muniappan
ADDIS ABABA, Nov 19 (Bernama) – In an effort to strengthen ties between the two capitals, Kuala Lumpur City Hall (DBKL) and Addis Ababa City Hall today formalised and exchanged a cooperation agreement. The collaboration is anticipated to bring strategic advantages to both municipalities.
📊 Market Context & Insight
Gold trends in Malaysia currently reflect influences such as the Malaysian Ringgit’s performance, Bank Negara Malaysia’s monetary policy decisions, inflationary pressures, and global bullion prices. Domestic demand is also driven by cultural ceremonies, jewellery purchases, and investment interest among Malaysian families and enterprises.
💡 What This Means for Malaysian Investors
Malaysian investors often regard gold as a safeguard against currency swings, inflation, and geopolitical risks. Many spread their holdings across physical gold ornaments, bullion bars, Gold Investment Accounts (GIAs) offered by banks like Maybank and CIMB, and Bursa Malaysia’s Gold Futures (FGLD). Aim to balance physical and paper gold holdings to meet your long-term financial objectives.
🔗 Useful Resources
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.
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