KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Gold prices jumped more than 1% on Thursday as investors rushed to safe-haven assets after US President Donald Trump raised tariffs on Chinese imports to 125% , intensifying trade war fears — even as a 90-day pause was granted to other countries. Key Highlights: Spot gold: Up 1.2% to US$3,119.18/oz US gold futures: Gained 1.8% to US$3,135.50/oz Gold hit its best day since Oct 2023 in the previous session Silver: +0.2% to US$31.08/oz Platinum: -0.5% to US$932.81/oz Palladium: -1.2% to US$922.72/oz What’s Driving the Surge? Trump’s move to hike China tariffs further inflamed global trade tensions. Gold, seen as a hedge against inflation and economic uncertainty , has become a top pick in times of instability. Analysts forecast further gains: “We do see US$3,200 possibly by month-end,” said Edward Meir of Marex. 📊 Supporting Factors: Fed’s dovish outlook amid signs of pe...