Poh Kong expects 2024 gold prices in US$2,005 - US$2,050 per troy ounce range

KUALA LUMPUR: Poh Kong Holdings Bhd expects gold prices to climb higher to the US$2,005 - US$2,050 per troy ounce range in 2024 amidst expectations on the United States (US) Federal Reserve's interest rate cuts, ongoing geopolitical issues in the Middle East and the complex US-China relations.

Director Ermin Siow Der Ming said although gold prices have practically hit an all-time high of around US$2,000 per troy ounce now, given the current development in the world, the company is bullish moving forward.