KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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...