Rush to buy gold is on
MIRI: For the past two weeks, customers have been rushing to goldsmith shops following a drop in the prices of gold. In Miri, New Sarawak Tribune found long queues outside goldsmith shops at Jalan Cina here as customers waited patiently for their turn to buy gold jewellery. For many members of the public, gold is […]
Check your emergency fund before investing in gold
BY NOOR SYAHHIRA HADY & SARAH HAFIZAH CHANDRA KUCHING: As a form of defensive asset, most people are choosing to buy gold due to its lower prices per gramme currently instead of investing with the banks. Dr Rayenda Khresna Brahmana, an economist, said gold was an asset that reacted inversely with the optimism in the […]
Clamour for gold heats up
Sales jump after gold prices drop BY NOOR SYAHHIRA HADY & SARAH HAFIZAH CHANDRA KUCHING: Since the recent drop in gold prices, goldsmith shops, located in the heart of Kuching City, have been flooded with customers. The price of 916 or 22 carat gold is now RM265 per gramme while the price of 999 or […]
All that glitters is not gold
BY FATIN NABIHAH MARZUKI KUALA LUMPUR: The recent dip in the price of gold sparked a “gold rush”, with buyers scrambling everywhere in search of the best deals. Social media sites were littered with ads featuring online sales and offers on gold bars and jewellery, with prices to lure even the most reluctant of buyers. […]
Quiet year for tin while gold shines
KUALA LUMPUR: The two metals traded in Malaysia, tin and gold, seem to have taken opposite directions this year — the former remained pretty quiet but attracted Chinese traders the most, while the latter thrived as it is often seen as a safe haven in times of crisis. Tin to recover The world consumption for […]
Sarawak eyeing one e-sports gold
By Nia Natasha Hasenan KOTA SAMARAHAN: Sarawak are eyeing at least one gold medal in e-sports at next year’s Malaysia Games (Sukma). Assistant Youth and Sports Minister Datuk Snowdan Lawan said Sarawak would send 18 competitors. “There are three categories approved by the Ministry of Youth and Sports (KBS) for Sukma — Evolution Soccer, Dota […]
Gold hits record high on haven demand as markets rally sputters
HONG KONG: Gold hit a record high Monday as investors rushed into the safe-haven on concerns about China-US tensions, a spike in virus infections around the world and a lack of progress on a new stimulus Bill in Washington. After months of healthy rallies across equity markets — fuelled by trillions of dollars in government […]
Poh Kong expects higher gold prices next year
KUALA LUMPUR: Poh Kong Holdings Bhd expects gold prices to be on an uptrend next year to reach between US$1,600 and US$1,700 per ounce compared with US$1,500 per ounce on average this year. Executive chairman and group managing director Datuk Choon Yee Seiong said the group was optimistic that demand for gold related products would […]
Gold futures expected to trade cautiously
KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week on cautious sentiment, according to Phillip Futures Sdn Bhd dealer Stephen Lou Yoke Lim. “Investors remain cautious on prevailing economic and political uncertainties, with doubts on the US-China trade deal,” he told Bernama. For the week just ended, gold […]
Malaysia sweeps four gold on SEA Games opening day
MANILA: The Malaysian contingent was on a roll on the first day of competition in the 30th SEA Games in the Philippines after securing four gold, two silver and two bronze medals. Wushu exponent Loh Choon How started the ball rolling with Malaysia’s first gold of the games in the men’s taijiquan event by collecting […]
