ADVERTISEMENT

Demand for gold rises amid global uncertainties


On the local front, Affin Hwang Capital said the upside to gold would be partially offset by a possible stronger ringgit of RM3.90 by end-2019, supported by Malaysia’s healthy economic fundamentals.  “The ringgit’s projection, however, would also be dependent on development in the United States Federal Reserve’s (Fed) monetary policy, including the ongoing shrinking of the Fed’s balance sheet,” it said

On the local front, Affin Hwang Capital said the upside to gold would be partially offset by a possible stronger ringgit of RM3.90 by end-2019, supported by Malaysia’s healthy economic fundamentals. “The ringgit’s projection, however, would also be dependent on development in the United States Federal Reserve’s (Fed) monetary policy, including the ongoing shrinking of the Fed’s balance sheet,” it said

Affin Hwang says some countries have increased their gold holdings

PETALING JAYA: Affin Hwang Capital is seeing a shift in the demand for gold and its related instruments, as global uncertainties begin to affect investor sentiment.

Economy , Gold , ETF , Affin

   

ADVERTISEMENT