The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid rising demand for safe-haven assets due to slowing global industrial activity, gold prices in Malaysia recorded a notable increase according to FXStreet data released today. This uptick is directly driven by the US ISM Manufacturing PMI missing market expectations, which bolstered the metal's appeal. The disappointing US economic data helped propel global gold prices toward the $4,100 threshold.
These movements coincide with broader global market uncertainty, as previous data showed a -4.5% decline in US Durable Goods Orders per market data (close June 25, 2026). Compared to other asset classes, gold remains a beneficiary of persistent inflationary pressures, with the US Annual PCE Price Index sitting at 4.1%, supporting continued demand for bullion as a hedge.
Traders should watch for resistance levels near $4,100 in global gold markets to determine the sustainability of this bullish trend. Markets are also awaiting Japan's Retail Sales data and Spain's CPI updates scheduled for June 29, 2026, which may provide further signals regarding global inflation trajectories and their impact on precious metal prices in Asian and local markets.
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