Weekly Wrap: Gold Prices Dip Amid Global Market Volatility
Gold prices experienced a modest decline during the week of May 26 to May 30, 2025, influenced by global market dynamics and investor sentiment.
In Malaysia, the price of 24-karat gold per gram decreased slightly over the week. This downward trend mirrored global patterns, where gold prices faced pressure due to various economic indicators and geopolitical developments.
Bernama reported that physical gold was priced at US$3,312.40 per troy oz as per the London Bullion Market Association's afternoon fix on May 29.
Internationally, gold prices were affected by a combination of factors, including shifting geopolitical scenarios and economic policy changes. Analysts noted that ongoing global tensions and economic uncertainties contributed to fluctuations in gold prices.
Despite the week's decline, gold continues to be viewed as a safe-haven asset. Investors remain attentive to global economic cues, with many considering gold as a hedge against potential market volatility.
Market analysts anticipate that gold prices will continue to respond to global economic developments in the coming weeks. Factors such as international trade agreements, monetary policy decisions and geopolitical events are expected to influence gold's trajectory. Related
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