Gold prices could spiral out of control amid tariffs, warns association

Free Malaysia Today

The Malaysia Gold Association says sudden jump in prices is ‘dangerous’ as the commodity is forecast to reach above RM500 per gram.  Read More: https://www.freemalaysiatoday.com/category/nation/2025/04/14/gold-prices-could-spiral-out-of-control-amid-tariffs-warns-association/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/04/14/harga-emas-dijangka-terus-melonjak-ketika-perang-tarif-kata-persatuan/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #FMTBusiness #GoldPrices #Tariffs #GlobalMarket

Transcript

00:00The Malaysia Gold Association has warned that gold prices could rise by another 15 percent,

00:07exceeding the current RM500 per gram as US trade policies trigger shifts in the global market.

00:14Its Vice President, Abdul Rasul Abdul Razak, said the volatility in prices began after the

00:20tariffs were announced, starting with RM445 per gram on April 1, falling briefly to RM430,

00:27before spiking to RM459. He said gold prices should rise gradually,

00:33warning that sudden jumps like this would be dangerous.

00:37On Friday, New Street Times reported that people were flocking to gold jewelry stores after prices

00:42reached an all-time high, with Habib Jewels reporting an increase of 25 percent in customers that very day.

00:50However, founder of Unique Gold Palace, Yugasri Silva Raja, said while their stock has appreciated

00:55in value, retail sales are slumping. She said her shop used to sell 6 to 7 kilograms of gold monthly,

01:03but now struggles to hit 4. She also said there was a shift in customer behavior,

01:09with more people selling their gold to jewelry stores instead of buying.

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