KUALA LUMPUR: Poh Kong Holdings Bhd is forecasting an uptick in gold prices next year to between US$1,600 and US$1,700 per ounce.
At the time of writing, gold was trading at US $1,514.85 per ounce.
Speaking to the media after the group’s AGM today, executive chairman and group managing director Datuk Choon Yee Seiong said that while the outlook for gold prices depends on a number of factors, gold prices are generally seen to be higher next year.
“There are many uncertainties now, so gold is seen as a safe haven. Of course, higher prices are also good for us,“ he said.
He added that he expects the performance for FY2020 ending July 31 to be satisfactory.
source https://www.thesundaily.my/business/poh-kong-foresees-better-gold-prices-next-year-AB1838130
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