Recently, I’ve been paying attention to the gold market, and the price of 999 gold today is still quite strong. As I understand, the local pure gold price in Malaysia has now approached a high of 750-800 Ringgit per gram, which has indeed set a new historical high. International spot gold prices have also been fluctuating above $5,000 for some time. Looking at last year’s performance, the increase was truly outrageous, soaring 64.72% for the year, making it the strongest year since 1979.

The reason why the price of 999 gold is so fierce today mainly comes from safe-haven sentiment and geopolitical factors fueling the trend. This week, gold prices fluctuated sharply between $5,093 and $5,281. Major gold shops, due to rapid price changes, have switched to half-day or even real-time listing modes. Interestingly, on one side, people holding gold are eager to cash out, while on the other side, large funds continue to buy at high levels. The polarization is quite obvious.

If you want to trade gold, international spot gold XAUUSD is basically traded nearly 24 hours a day, Monday through Friday, through online platforms. Locally in Malaysia, gold futures FGLD are traded during fixed hours at the exchange, mainly from 9 a.m. to 5:30 p.m., with after-hours trading extending to 2:30 a.m., most active during the session connecting to the New York market.

Recently, it’s also important to closely monitor the US-Iran situation and non-farm payroll data, as these factors could continue to push gold prices higher. Looking at the 5-year return rate, gold’s long-term performance is indeed steady, but with such large short-term fluctuations, trading should still be approached with caution.