Kuala lumpur: Gold prices are expected to continue their uptrend this year due to ongoing geopolitical tensions and global uncertainties, Malaysia Gold Association chairman of the Shariah Advisory Board Datuk Prof Dr Mohamad Akram Laldin said today. He said investors typically turn to gold as a safe-haven asset during periods of uncertainty.

According to BERNAMA News Agency, Dr Mohamad Akram noted that whenever there is a disruption in global markets, investors are inclined to buy gold, thereby elevating the commodity's price. He referenced the significant 40 percent increase in gold prices since the announcement of tariffs by former US President Donald Trump in April of the previous year. The current price for 24-karat gold stands at RM608 per gram.

Dr Mohamad Akram expressed optimism about the continued rise in gold prices, although he acknowledged the possibility of minor fluctuations. He emphasized that prices are expected to remain relatively stable and are unlikely to plummet. In an interview with Bernama after appearing on Bernama TV's The Nation programme, he outlined that the current market uncertainties could persist into 2026, maintaining the upward trend observed last year.

When questioned about the potential for gold futures to reach US$5,000 per troy ounce this year, Dr Mohamad Akram indicated that it was feasible, citing the new spot-month January 2026 contract, which is already valued at US$4,608.10 per troy ounce.

Dr Mohamad Akram also highlighted the growth potential for Shariah-compliant gold investors in Malaysia, attributing it to the unique features under Shariah principles that require gold transactions to be backed by actual physical gold. He asserted that such investments provide a sense of security as they involve tangible assets, aligning with Shariah requirements. Investors who comprehend the risks associated with gold investments are likely to gravitate towards Shariah-compliant products.