Tomei: Lower gold prices not necessarily negative

Tomei's pre-tax profit experienced a five-year compounded annual growth rate of 40.4% to RM44.0mil in FY21 from RM8.1mil in FY16.

GOLD prices have been on a downward trend since March, falling by over 11% as the safe haven appeal of gold is eroded by higher US bond yields and firm US dollar.

Amid expectations that gold prices may weaken further, one may wonder how jewellery makers would be impacted.

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Tomei , jeweller , gold


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