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Malaysia Gold price today: Gold falls, according to FXStreet data
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FXStreet Forex & Commodities News
Gold prices fell in Malaysia on Friday, according to data compiled by FXStreet.
Unit measure Gold Price in MYR 1 Gram 658.82 10 Grams 6,588.27 Tola 7,684.17 Troy Ounce 20,491.28FXStreet 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.