Gold Spot Price (gold/MYR)
MYR 17,967.83
per troy ounce
Gold & Silver
1 oz
MYR 17,967.83
1 gr
MYR 577.68
1 kg
MYR 577,678.80
Prev Close
MYR 18,009.63
Open
MYR 17,967.83
Day High
MYR 18,119.94
Day Low
MYR 17,753.91
1 oz
MYR 296.87
1 gr
MYR 9.54
1 kg
MYR 9,544.68
Prev Close
MYR 301.47
Open
MYR 296.87
Day High
MYR 301.27
Day Low
MYR 290.77
Current Situation
Gold prices rose nearly 1% on June 4 after an Israel-Lebanon ceasefire deal eased Middle East tensions, though gains remain limited by expectations of higher U.S. interest rates.
Key Drivers
- The ceasefire reduced immediate geopolitical risk, supporting a modest recovery in gold.
- Bets on U.S. rate hikes, fueled by strong jobs data and energy inflation, continue to weigh on prices.
- A stronger dollar and shifting oil prices are adding further downward pressure.
Short-Term Outlook (1-7 days)
Near-term sentiment stays bearish, with prices holding below the 21-day moving average and facing resistance around $4,480–$4,485. Direction will likely hinge on the upcoming U.S. jobs report.
Long-Term Outlook (1-3 months)
Broader trends remain mixed. Persistent rate-hike expectations and a firm dollar could cap gains, while any renewed geopolitical flare-ups may provide support.
What to Watch
- U.S. employment data and its impact on Federal Reserve policy expectations.
- Developments in Iran-related tensions and any risks to oil transit through the Strait of Hormuz.
Current price: MYR 17,967.83/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | MYR 17,967.83 | -MYR 41.79 | -0.23% | |
| 1 Week | MYR 18,034.73 | -MYR 66.89 | -0.37% | |
| 1 Month | MYR 18,136.86 | -MYR 169.02 | -0.93% | |
| 3 Months | MYR 20,724.58 | -MYR 2,756.75 | -13.30% | |
| 6 Months | MYR 17,026.65 | +MYR 941.18 | +5.53% | |
| 1 Year | MYR 13,640.58 | +MYR 4,327.25 | +31.72% | |
| Since 2026 | MYR 17,502.38 | +MYR 465.45 | +2.66% | |
| Since 2025 | MYR 10,710.38 | +MYR 7,257.45 | +67.76% | |
| Since 2024 | MYR 8,320.31 | +MYR 9,647.53 | +115.95% | |
| Since 2023 | MYR 7,408.18 | +MYR 10,559.65 | +142.54% | |
| Since 2022 | MYR 7,223.59 | +MYR 10,744.25 | +148.74% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | MYR 17,967.83 | MYR 18,009.63 | MYR 18,119.94 | MYR 17,753.91 | Today -41.79 (-0.23%) |
Silver (XAG) | MYR 296.87 | MYR 301.47 | MYR 301.27 | MYR 290.77 | Today -4.60 (-1.52%) |