Poh Kong expects gold prices to stay firm

Group to gain from steady demand for jewellery

KUALA LUMPUR: Poh Kong Holdings Bhd expects gold prices to remain firm in the medium term, supported by the demand from government vaults and central banks.

Citing analysts, Poh Kong executive chairman and group managing director Datuk Choon Yee Seiong (pic) said the yellow metal prices is expected to inch up further in the new year, adding that gold has historically performed well amid equity market pullbacks and high inflation.