KUALA LUMPUR – Shares of gold-related firms on Bursa Malaysia rose yesterday after spot gold reached a new record. Spot gold increased by 0.4% to US$1,750 per ounce, its highest point this year.
Analysts say the rally reflects ongoing safe-haven purchases amid hopes for additional US Federal Reserve rate reductions.
Leading the gainers, Aumas Resources, which runs a gold mine in Sabah, saw its share price climb 1.5%.
📊 Market Context & Insight
Gold remains a popular hedge against currency swings, inflationary pressures, and geopolitical uncertainty for Malaysian investors. Many opt to diversify via physical gold jewelry, bullion bars, Gold Investment Accounts (GIAs) from local banks like Maybank and CIMB, and Bursa Malaysia’s Gold Futures (FGLD). Aim for a well-balanced mix of tangible and paper gold to fit your long-term 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
Malaysia’s gold market is currently influenced by the ringgit’s movement, Bank Negara Malaysia’s policy stance, inflationary trends, and global bullion prices. Domestic demand is further driven by cultural customs, jewelry buying habits, and the investment preferences of local households and enterprises.
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