$2,902.50 HIGH

Date $/oz RM/g RM/$

11.02.25 2919 419.60 4.458 (new trump tariffs on steel, aluminum; gold new high $2921/oz, RM419.8/g)
05.02.25 2842 406.16 4.444 (china retaliates with 15% tariff on select US imports; gold price new record high $2845/oz; DXY slumps)
04.02.25 2817 403.70 4.456 (gold price hit new record high $2830/oz, RM407/g; tariffs on mexico, canada paused 1mth)
21.01.25 2722 392.00 4.477 (Trump2.0 inauguration, markets bracing for tariffs, bond yields falling, $ weakens)
16.01.25 2699 390.00 4.495 (US lower than expected inflation data spurs rate cut hopes again)
10.01.25 2670 386.00 4.495 ("trump" inflation fears; china central bank continues buying bullion; incr in gold ETFs buying)
03.01.25 2659 383.60 4.487 (trump new tariffs fears; strong $, DXY 109.20)
19.12.24 2603 376.90 4.503 (fed rate cut 25bps, signals slow down in 2025 cuts; DXY 108.1; carnage in disappointed equity markets)
12.12.24 2724 388.00 4.430 (fed almost sure to cut rate on 18 dec, ECB expected to do same; china loosening monetary policy)
22.11.24 2677 385.35 4.477 (russia fires new Oreshnik IRBM missile at ukraine)
08.11.24 2700 380.80 4.385 (fed rate cut 25bps)
07.11.24 2662 378.62 4.422 (trump win aftermath)
31.10.24 2788 392.60 4.379 (new record high in $, RM)


$3000 gold anytime now.

i look forward to $3500/oz or RM500/g by year end.

happy holiday!

This post has been edited by AVFAN: Feb 11 2025, 08:38 AM

$2930

$2935 now, futures 2955.

a bit too fast!

with the trade war heating up, this gold rush may be saying global inflation is going to super accelerate.

RM likely to weaken as well.

so, double whammy.

i read that the reason why gold is rising so fast is that the Central Banks of countries are demanding delivery from LBMA of London. There is a shortage now and the premiums are much higher than what the spot shows.
Imagine if Trump imposes a tariff on gold entering land of the FREE.

$2,944

Crazy stuff

Approx double.in MYR since 2020

I ain't complaining. It has been the perfect hedge for my RUNGGIT!

Hi sifus... what do u guys think about buying gold jewellery vs paper gold vs gold bar?

IAt 14% cagr, it has gone beyond MYR hedge.

If you wanna show off your gold, buy jewellery.
If you wanna invest, buy gold bars.
Jewellery is not for investment. You need to pay 30+% for workmanship premiums.
Paper gold is good for trades, not for doomsday.

Yeah, it has. Much better than lots of other Investments.

Bank Negara and Maybank has problem fixing the price of Kijangs this morning!

Still no price!

Public holiday, i suppose.


passed by a gold shop. 999.9 gold bars today RM473 per g.

back in sep 2024, it was 394.... +20% in 5 months

This post has been edited by AVFAN: Feb 11 2025, 01:03 PM

nice la... gold run, expose some secrets.

it's also speculated the fed may soon be quietly buying physical gold to top up.

many dun believe it has 8,000 tons, no audit done for decades!

This post has been edited by AVFAN: Feb 11 2025, 01:02 PM

oh my ...public holiday.

There's not much gold left in Fort Knox. Many years when gold was sterile, Feds lend it out to financial companies to sell it and top up their balance shit. D
For a very low interest. Ask Greenspane.

this is an interesting opinion piece:


tmr is last day of CNY season.
let's see if the guy is right!
right now, Shanghai gold futures price is lagging CME.

This post has been edited by AVFAN: Feb 11 2025, 06:24 PM

China pumped this morning to $2,944 and ran out of steam.