Gold Prices Near Record Highs as Fed’s Aggressive Rate Stance Persists, Philippine Stocks Surge

The Malaysian ringgit is expected to continue its upward trajectory after recording its best quarter in fifty years. This momentum comes amid broader market trends, including gold prices holding steady near record highs. The U.S. Federal Reserve’s aggressive stance on interest rates has played a significant role in driving these precious metal prices. Meanwhile, Philippine stocks are experiencing a strong rally, reaching a two-year high, driven by expectations of potential rate cuts. This surge reflects investor optimism that the central bank may ease monetary policy, providing more favorable conditions for the stock market in the coming months.