I’ve been keeping an eye on today’s gold price trend. The gold market has indeed been quite hot lately. I checked the data: not long ago, spot gold was moving within a tight range at a high level of more than $5,000 USD, and the quotes from Malaysia’s local gold shops also rose accordingly—making the retail price of 999 fine gold approach around 750 Malaysian Ringgit per gram.

What’s interesting is that the quotes from different gold shops vary quite a bit. My friend went to several gold shops a couple of days ago to ask about today’s gold price and found that some places have already switched to a half-day single-price policy, or even a real-time listing and price-adjustment model. It looks like gold prices are fluctuating really fast. On one side, people holding physical gold are rushing to cash out; on the other, large funds are still pushing into new positions at the high level. Market sentiment remains quite sensitive.

If you want to trade gold, international spot gold XAUUSD is basically traded 24 hours a day, so you can trade from Monday to Friday—there’s just a short break each day. Malaysia also has gold futures contracts (FGLD) listed on the exchange, trading from 9:00 a.m. to 5:30 p.m., and you can even trade after hours until the early morning. However, since the gold price is changing this fast today, it’s best to confirm the latest quote before trading, because the prices at gold shops and trading platforms update in real time, and there can still be differences.