Selling point: Customers waiting outside the Chong Kee gold shop in Hong Kong. — Reuters
Residents rushed to sell everything from gold bars to rings this week, with people weighing family jewels and counting stacks of money as they scrambled to cash in on a record rally that pushed gold above US$4,000 (RM16,900) for the first time.
At the Chong Kee gold shop near Hong Kong’s central business district, around 50 people queued outside the store with gold bullion, bracelets, necklaces and other jewellery, seeking to take advantage of prices that have soared 50% this year.
