Gold prices rose in Malaysia on Monday, based on FXStreet data. Gold was MYR 645.59 per gram, up from MYR 637.61 on Friday.
Gold also climbed to MYR 7,530.01 per tola from MYR 7,437.01 per tola on Friday. Other listed prices were MYR 6,455.96 for 10 grams and MYR 20,080.03 per troy ounce.
How FXStreet Calculates Local Gold Prices
FXStreet converts international gold prices into Malaysian Ringgits using USD/MYR rates and local units. The figures are updated daily at the time of publication and serve as a reference, with local prices possibly differing slightly.
Central banks are the largest holders of gold. World Gold Council data says central banks added 1,136 tonnes of gold worth about $70 billion in 2022, the highest annual total since records began.
Gold often moves inversely to the US Dollar and US Treasuries, and can also move opposite to risk assets such as equities. Prices can also shift with geopolitics, recession fears, and interest rates, and are influenced by the US Dollar because gold is priced in dollars (XAU/USD).
Gold is showing notable strength, with its price rising in recent sessions. This move reinforces its role as a safe-haven asset during times of perceived economic uncertainty. We are watching this momentum closely, as it could signal a broader trend for the coming weeks.
Outlook Drivers And Key Risks
This price action is largely driven by a weakening US Dollar and shifting expectations around interest rates. After the series of rate hikes we saw through 2025, recent US jobs data showed a slight cooling, leading many to believe the central bank will pause its tightening cycle. Historically, a pause in rate hikes is bullish for gold, as it lowers the opportunity cost of holding a non-yielding asset.
We also note that central banks remain committed buyers, a trend that provided a strong floor for prices last year. New reports indicate that central banks, particularly in Asia, added over 800 tonnes to their reserves in 2025, continuing the strong buying patterns seen in previous years. This persistent demand from official institutions should limit any significant downside potential.
For the weeks ahead, we should consider using options to build a bullish position while managing risk. Buying call spreads could allow us to capitalize on a continued move higher with a defined maximum loss. Given that implied volatility has increased to around 18% from last month’s lows, these strategies offer a calculated way to participate in the rally.
The main risk to this outlook would be an unexpected rebound in risk assets, such as the stock market. If upcoming inflation data comes in hotter than expected, it could reignite fears of further rate hikes, strengthening the dollar and putting pressure on gold. Therefore, we will be closely monitoring the next Consumer Price Index release as a key indicator.
