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Malaysia Gold price today: Gold rises, according to FXStreet data
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FXStreet Forex & Commodities News
Gold prices rose in Malaysia on Thursday, according to data compiled by FXStreet.
Unit measure Gold Price in MYR 1 Gram 701.42 10 Grams 7,013.99 Tola 8,181.09 Troy Ounce 21,816.51FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units.
Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status.
As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal.
A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.