I've been paying close attention to the gold market recently; the gold price indeed surged wildly some time ago. Last year, it increased by over 64% for the entire year, and at the beginning of this year, it even soared above $5,600, marking the strongest performance since 1979. Over the past couple of days, I looked at the gold price trend here in Malaysia, and the local 999 pure gold has approached the level of 750 Malaysian Ringgit per gram, which is a significant increase compared to the start of the year.

Spot gold has been fluctuating between over 5,000 and over 5,200 this week, with quite large volatility. I heard it's because the international geopolitical situation is supporting a risk-averse sentiment, plus inflation pressures haven't fully eased yet. Major gold shops have been frequently adjusting prices during this period, some even several times a day, claiming to follow international gold prices in real-time. On one side, some are taking advantage of high prices to cash out, while on the other side, large funds are continuing to position themselves at high levels for hedging, making the market sentiment quite sensitive.
If you want to trade international spot gold, it's basically available almost 24 hours from Monday to Friday, with only one hour of market closure during the New York close. The local gold futures trading hours in Malaysia are more fixed: from 9 a.m. to 5:30 p.m., with a lunch break from 12:30 p.m. to 2:30 p.m., and there's also a night trading session at 9 p.m. Recently, more people have been paying attention to today's gold price trend, but such high-level oscillations still require cautious handling.