PETALING JAYA: Gold prices are not likely to dip to below US$1,500 (RM6,825) an ounce in the near-term, despite turmoil in financial markets as investors await more policy tightening measures by major central banks, according to Singapore Bullion Market Association chief executive officer Albert Cheng.
“The current prices, which are trending down, are a knee-jerk reaction to the strong possibility of another jumbo rate hike by the US Federal Reserve (Fed).
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
