Kuala Lumpur, 27 August 2025 – Gold prices in Malaysia advanced further on Wednesday, with one kilogram priced at RM459,494, up RM868 or 0.19% from the previous session. On a gram basis, gold traded at RM459.49, marking a continuation of the metal’s upward trajectory over the past year.
According to RHB Research, gold futures on COMEX surged US$14.60 to close at US$3,404.80, decisively breaching the US$3,400 resistance level. The session saw prices open at US$3,383.70, dip to a low of US$3,369.10, and peak at US$3,414.90. Analysts noted that the breakout, coupled with the Relative Strength Index (RSI) holding above 50%, underscores bullish momentum.
Technical Outlook
Gold prices are currently trading above both the 20-day and 50-day simple moving averages, neutralising bearish signals from mid-August.
RHB Research highlighted the following:
- Strong resistance remains at US$3,500,
- Support levels are set at US$3,350 and US$3,250,
- Traders holding short positions since 19 August at US$3,331.80 are advised to place stop-loss orders at US$3,500.
Long-Term Performance
Over the past 12 months, Malaysian gold prices have climbed RM3,398 per kilogram, a 31.3% increase, reinforcing its role as a safe-haven asset amid volatile market conditions. Over a five-year period, gold has appreciated 74%, cementing its status as a key hedge against inflation and global uncertainty.
Market Implications
With momentum building above critical resistance levels, investors are closely watching whether gold can sustain its rally towards the US$3,500 level, a psychological barrier that could set the tone for further gains. In Malaysia, gold’s steady rise continues to appeal to both institutional and retail investors seeking stability in uncertain times.
