YXPM sees gold prices around US$1,900 per ounce by year-end

KUALA LUMPUR: Tomei Consolidated Bhd's wholly-owned precious metals arm, YX Precious Metals Bhd (YXPM) sees gold prices to be around US$1,900-US$2,001 per ounce by year-end, with the global financial market and geopolitical challenges continuing to be the key drivers influencing the price.

The price of physical gold stood at US$2,000.95 per troy ounce, according to the London Bullion Market Association’s afternoon fix on May 5, 2023.