Gold prices rose in Malaysia on Monday, according to FXStreet data. Gold climbed to MYR 645.59 per gram, up from MYR 637.61 on Friday.
Gold also increased to MYR 7,530.01 per tola, from MYR 7,437.01 per tola on Friday. Other prices listed were MYR 6,455.96 for 10 grams and MYR 20,080.03 per troy ounce.
How FXStreet Calculates Local Gold Prices
FXStreet converts global gold prices into Malaysian Ringgits using the USD/MYR exchange rate and local units. Prices are updated daily at the time of publication and are meant as a reference. Local market prices may differ slightly.
Central banks hold more gold than any other group. World Gold Council data shows they bought 1,136 tonnes of gold in 2022, worth about $70 billion. This was the largest annual total since records began.
Gold often moves in the opposite direction of the US Dollar and US Treasury yields. It can also move against risk assets like stocks. Prices can change due to geopolitics, recession concerns, and interest rates. The US Dollar also matters because gold is priced in dollars (XAU/USD).
Gold has been strong in recent sessions, with prices rising. This supports its role as a safe-haven asset during periods of economic uncertainty. We are watching this move closely, as it may point to a broader trend in the coming weeks.
Outlook Drivers And Key Risks
This move is mainly linked to a weaker US Dollar and changing expectations for interest rates. After the rate hikes seen through 2025, recent US jobs data showed modest cooling. This has led many to expect the central bank to pause its tightening cycle. A pause is often positive for gold because it reduces the cost of holding an asset that does not pay interest.
Central banks also continue to buy gold, which helped support prices last year. New reports suggest that central banks, especially in Asia, added more than 800 tonnes to their reserves in 2025. This continued official demand may help limit major declines.
In the weeks ahead, we may consider using options to take a bullish position while controlling risk. For example, buying call spreads can provide exposure to further gains with a clearly defined maximum loss. Implied volatility has risen to about 18% from last month’s lows, so these strategies may offer a measured way to take part in the rally.
The biggest risk to this view would be a sudden rebound in risk assets, such as stocks. If inflation data is hotter than expected, investors may again price in more rate hikes. That could strengthen the dollar and weigh on gold. We will be watching the next Consumer Price Index release closely.
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