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For the week ending 27 June, gold bullion prices surged significantly—rising approximately 24.1% over the period. On Monday, New York’s spot price per ounce exceeded London’s comparable quote, underscoring a robust upswing in wholesale gold transactions.
Meanwhile, copper—one of the foremost industrial metals—draws nearly 60% of its yearly demand from the construction and electrical equipment industries.
📊 Market Context & Insight
Current gold movements in Malaysia are driven by elements such as the Malaysian Ringgit’s fluctuations, Bank Negara Malaysia’s policy stance, inflation trends, and global bullion valuations. Local demand is further influenced by cultural customs, jewelry purchases, and the investment appetite of Malaysian households and corporations.
💡 What This Means for Malaysian Investors
For investors in Malaysia, gold is broadly regarded as protection against currency volatility, inflation, and geopolitical risk. Many diversify by holding physical gold jewelry, gold bars, Gold Investment Accounts (GIAs) from banks like Maybank and CIMB, and Bursa Malaysia’s Gold Futures (FGLD). It’s advisable to strike a balance between tangible and paper gold to suit your long-term objectives.
🔗 Useful Resources
Note: This article was automatically sourced from reputable news outlets. For informational use only. Please consult certified financial advisors or licensed entities in Malaysia before making any investment choices.
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