GOLD prices may be tapering off from last year’s peak, but Poh Kong Holdings Bhd remains optimistic of a better performance this year on the back of resilient demand for gold jewellery and investments.
The gold jeweller believes it is in a good position to register higher revenues this year based on activity in the commodity markets, and is poised to capitalise on demand when the Covid-19 pandemic is under control.
Poh Kong executive chairman and group managing director Datuk Choon Yee Seiong says he expects gold prices to continue to rise in tandem with demand from government vaults and central banks. Added to this is demand from exchange traded funds.