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Gold Futures Hit Record High On Rate Cut Bets

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 2 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed on a record high, breaking above the US$3,500 mark on expectations of a United States (US) interest rate cut and renewed concerns over the Federal Reserve’s independence.

Ringgit Ends Lower Ahead Of BNM's MPC Meeting

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 2 (Bernama) -- The ringgit ended on a low note on Tuesday as market sentiments remained cautious, with traders bracing for Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting on Thursday to gauge the latest economic assessments.

MIHAS 2025 Surpasses 2,300-booth Mark, Signalling Strong Global Halal Demand 

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 30 (Bernama) -- The Malaysia International Halal Showcase (MIHAS) 2025 has surpassed its initial target of 2,300 booths, with over 2,380 booths already confirmed from 45 countries, reflecting strong global demand for halal trade opportunities.

India-Malaysia Ties Hold Vast Potential In Digital And Green Sectors - Indian Industries Consortium

KUALA LUMPUR, Aug 22 (Bernama) -- Malaysia and India are well-positioned to unlock vast opportunities in renewable energy, infrastructure, semiconductors and the digital economy as both nations deepen their economic partnership, said the Consortium of Indian Industries in Malaysia (CIIM).

Malaysia Urged To Boost Local Gold Refining To Curb Forex Outflow – Prominent Gold Retailer

KUALA LUMPUR, Aug 14 (Bernama) -- Malaysia must enhance its local gold refining capabilities to minimise the outflow of foreign exchange (forex) currently incurred by sending the precious metal to overseas facilities.

Public Gold Customer Base To Hit 2.3 Mln By End-2025, Mulls Indonesia, Thailand And UAE Expansion

By Fatin Umairah Abdul Hamid and Mikhail Raj Abdullah

KUALA LUMPUR, Aug 12 (Bernama) -- Robust demand for gold is expected to raise Public Gold Marketing Sdn Bhd’s customer base to 2.3 million by the end of the year from 2.2 million currently.

Gold Prices To Rise 10 Pct By September On Possible Fed Rate Cut

KUALA LUMPUR, Aug 8 (Bernama) -- Gold is expected to increase by a further record-breaking 10 per cent in September from the current level of US$3,370 per ounce, driven by expectations that the United States (US) Federal Reserve (Fed) will lower its interest rates.

GX Bank Strengthens Role In Serving Underserved, Eyes Micro Merchant Segment

KUALA LUMPUR, Aug 8 (Bernama) -- GX Bank Bhd is strengthening its role in advancing financial inclusion, with around 60 per cent of its customer base comprising underserved segments, including individuals from the bottom 40 per cent (B40) income bracket and 10 per cent from the gig economy.

Gold Futures End Higher On Safe-haven Demand

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 7 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended higher on Thursday, driven by increased demand from investors seeking refuge in the precious metal, said an analyst.

Ringgit Ends Lower Vs US Dollar And Major Currencies On Weak Demand

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 7 (Bernama) -- The ringgit has retreated to close lower against the US dollar as well as major currencies on Thursday on lack of buying interest, said an analyst.

Ringgit Ends Higher Ahead Of Fed Comments

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 6 (Bernama) -- The ringgit closed higher against the US dollar as investors took advantage of the greenback’s weakness ahead of comments from United States (US) Federal Reserve (Fed) officials tonight, said an analyst.

Gold Futures Higher On Weaker US Dollar

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 5 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives continued to close higher on Tuesday following a weaker US dollar, said an analyst.