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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.

Ringgit Ends Higher Against US Dollar On Fed Rate Cut Hopes

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 5 (Bernama) -- The ringgit continued to close higher against the US dollar as expectations of an interest rate cut by the US Federal Reserve (Fed) gained momentum, said an analyst.

Gold Futures End Higher On Bursa Amid Shift In US Monetary Policy Expectations

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 4 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher on Monday, supported by a widespread shift in market expectations surrounding United States (US) monetary policy, an analyst said.

Ringgit Strengthens On Weak US Jobs Report

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 4 (Bernama) -- The ringgit closed stronger against the US dollar on Monday following a softer-than-expected United States (US) jobs report that significantly altered market expectations on the Federal Reserve (Fed) policy, said an analyst.

Gold Futures Forecast To Trade Range-bound Next Week

KUALA LUMPUR, July 26 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade in a narrow range next week, tracking United States (US) COMEX gold amid the potential finalisation of US trade agreements with the European Union (EU) and Asia-Pacific countries, said an analyst.

Ringgit Likely To Trade Within RM4.22-RM4.24 Vs Greenback Next Week Ahead Of Fed Decision

KUALA LUMPUR, July 26 (Bernama) -- The ringgit is expected to hover between RM4.22 and RM4.24 next week as the US Federal Reserve (Fed) is anticipated to maintain its policy rate, said an analyst.