Latest news with #RM457
BusinessToday
06-08-2025
- Business
- BusinessToday
Gold Prices Dip 1.07% Amid COMEX Gains, Bullish Outlook Ahead
Gold prices in Malaysia fell 1.07% today, trading at RM457,647.39 per kilogram as of 2.52 am New York time, marking a decline of RM4,966.16 from the previous session. On a gram basis, the price reflected a similar drop, translating to a daily change of -RM155.08 or -1.08%. Despite the short-term dip, gold has maintained strong long-term gains, with prices up 1.93% over the past 30 days, 13.36% over six months, and 35.25% year-on-year. Over five years, the precious metal has surged 68.54%, while its 20-year performance stands at an impressive 775.52%. On the global front, COMEX Gold continued to strengthen last Friday, closing 1.8% higher at US$3,373.20 after hitting an intraday high of US$3,389.40. The contract crossed above its 20- and 50-day simple moving average (SMA) lines, signalling renewed bullish momentum. According to RHB Investment Bank Bhd, the commodity is poised to test resistance at US$3,450, with a potential breakout paving the way for US$3,600. Support levels are seen at US$3,250 and US$3,150. 'Traders are recommended to stay on the long position initiated at US$3,402.40 or the close of 12 June. To minimise trading risks, the stop-loss threshold is fixed at US$3,150,' the research house said, maintaining its positive trading bias on gold.
BusinessToday
06-08-2025
- Business
- BusinessToday
Gold Prices Slip 0.38% In Malaysia Despite Global Bullish Outlook
Gold prices in Malaysia edged lower at midday, with the price per kilogramme at RM457,806.74, down RM1,733.51 or 0.38%, according to data from On a daily basis, gold fell RM53.45 or 0.37%, though it remains up 1.26% over 30 days, 13.31% over six months, and 33.66% year-on-year. The decline comes as COMEX gold continued its rebound globally, gaining US$26.30 to settle at US$3,399.50, extending its rally for a third straight session. According to RHB Investment Bank Bhd (RHB Research), the metal closed firmly above its 20- and 50-day simple moving averages, signalling bullish momentum. RHB Research said the relative strength index (RSI) has crossed above the 50% mark, indicating stronger upside potential, with resistance targeted at US$3,450 and higher at US$3,600, while support is seen at US$3,250. The research house advised traders to maintain long positions, first initiated at US$3,402.40, with a stop-loss at US$3,150. Despite the local pullback, analysts expect sentiment to remain positive as global technical indicators suggest further upside for gold in the near term.
The Star
09-05-2025
- The Star
Scammers eye teachers and retirees
JERTEH: Teachers and retirees who share personal updates such as retirement plans or feelings of loneliness on social media are increasingly being targeted by online scammers, it was revealed. Terengganu Education Department deputy director Kamsah @Kamal Mohamed said such posts attracted scammers who exploited retirees through love scams, fake investments and bogus loans. 'Many of the victims are teachers and retirees. From January 2023 to April this year, police recorded 609 online scam cases in Terengganu with total losses amounting to RM13.5mil,' he told an online scam awareness programme organised by the National Scam Response Centre here yesterday, Bernama reported. Kamsah said in Besut alone, 18 scam cases were recorded last year, with losses totalling RM457,438. So far this year, he said eight more cases were reported, with RM107,157 in losses.
The Sun
09-05-2025
- The Sun
Scammers target teachers, retirees through social media posts
JERTIH: Teachers and retirees who share personal updates such as retirement plans or feelings of loneliness on social media are increasingly being targeted by online scammers. Terengganu Deputy Education Director Kamsah@Kamal Mohamed said such posts often attract scammers who exploit victims through tactics like love scams, fake investment offers, and bogus loan schemes. 'Many of the victims are educators and retirees. From January 2023 to April this year, police have recorded 609 online scam cases in Terengganu, with total losses amounting to RM13.5 million,' he said. He was speaking at an online scam awareness programme held today at SMK Tengku Mahmud here, organised by the National Scam Response Centre (NSRC). 'In Besut alone, 18 scam cases were recorded last year, with losses totalling RM457,438. So far this year, eight more cases have already been reported, involving RM107,157 in losses. 'Several of these victims were teachers,' he added. He expressed hope that awareness programmes like this would help teachers remain vigilant and avoid falling prey to online scams.
The Sun
09-05-2025
- The Sun
Teachers, retirees targeted by online scammers in Terengganu
JERTIH: Teachers and retirees who share personal updates such as retirement plans or feelings of loneliness on social media are increasingly being targeted by online scammers. Terengganu Deputy Education Director Kamsah@Kamal Mohamed said such posts often attract scammers who exploit victims through tactics like love scams, fake investment offers, and bogus loan schemes. 'Many of the victims are educators and retirees. From January 2023 to April this year, police have recorded 609 online scam cases in Terengganu, with total losses amounting to RM13.5 million,' he said. He was speaking at an online scam awareness programme held today at SMK Tengku Mahmud here, organised by the National Scam Response Centre (NSRC). 'In Besut alone, 18 scam cases were recorded last year, with losses totalling RM457,438. So far this year, eight more cases have already been reported, involving RM107,157 in losses. 'Several of these victims were teachers,' he added. He expressed hope that awareness programmes like this would help teachers remain vigilant and avoid falling prey to online scams.
