Gold prices have hit a new record for 2025, with 999 gold now priced at RM503 per gram — the highest so far this year.
As listed on Public Gold’s official website, this marks a RM7 increase from yesterday’s rate of RM496. Meanwhile, 916 gold also saw an uptick, reaching RM478 per gram.
Fueled by weakening US dollar
This surge follows report that global gold prices have broken previous records, with gold hitting USD3,245.75 per ounce (around RM14,317) on Monday — largely fueled by a weakening US dollar.
According to FX Street, adding to the momentum is speculation that the US Federal Reserve may resort to more aggressive policy easing in 2025, as concerns over a tariff-induced economic slowdown intensify. Traders are already factoring in a potential 100 basis point rate cut from the Fed.
Meanwhile, declining confidence in the US economy has kept the US dollar hovering near its lowest level since April 2022, further supporting the rise in non-yielding assets like gold.
