KUALA LUMPUR: Gold prices are likely to stabilise and trade between US$1,250 (RM3,875) and US$1,400 (RM4,340) this year after a volative period which saw the commodity dropping 22% on a year-to-date basis, said MKS Precious Metals Sdn Bhd country manager Joseph Ng.
On recent trends, Bursa Malaysia Derivatives Bhd senior executive vice-president, product and market development, Jeffrey Tan Seng Hui said there had been a steady flow of physical gold from institutional holders to the retail public.
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