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Gold prices have increased in Malaysia, based on recent data.

Gold prices in Malaysia surged to MYR 647.48 per gram, fueled by a weak US Dollar and increased central bank purchases. This trend highlights gold’s role as a safe-haven asset amidst economic uncertainty. – vtmarketsmy.com

US Dollar Index drops 0.4% during Asian trading, nearing 97.00 ahead of Fed’s announcement

The US Dollar Index has fallen to a four-month low of 97.00, driven by US foreign policy concerns and rising national debt. Traders may want to consider options strategies against the dollar. – vtmarketsmy.com

The US dollar strengthens, leading to a decline in the Australian dollar due to safe-haven demand

The Australian Dollar dipped after hitting a 15-month peak, influenced by strong local economic data and US Dollar demand. Traders should consider protective options as volatility increases. – vtmarketsmy.com

EUR/JPY declines to around 182.90 during Asian hours amid rising speculation of intervention

The Bank of Japan’s recent interest rate hike aims to combat rising inflation caused by global factors. This move, alongside the yen’s volatility, raises concerns about possible market interventions, impacting trading strategies significantly. – vtmarketsmy.com

Silver (XAG/USD) trades around $108.80 after reaching new highs near $109.50

Silver prices soared to $109.46 and now consolidate near $92. With strong momentum indicators and a widening Gold/Silver ratio, traders may see buying opportunities as the market shifts. – vtmarketsmy.com

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