COMMENT | The ringgit per gram spot market over the past approximately 90 trading days has been shaped by a single dominant narrative: a rapid, rate-expectations-driven surge into late January, followed almost immediately by a sharp and disorderly repricing.

The move felt like policy credibility being reassessed in real time, but this time the pressure came from the US yield curve and the US dollar rather than from domestic political developments.

What follows is a fact-checked RM/gram comparison based on spot tables and daily historical data from Bullion Rates, aligned with contemporaneous market reporting on a hawkish, rate-driven repricing shock.

Together, these data points frame how...