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SINGAPORE: China’s shoppers and investors lost their appetite for gold this year -- and there’s little expectation of any major improvement in 2020 as slowing growth and higher prices crimp consumer spending.
GEORGE TOWN: The first phase of the conservation work for the Penang Goldsmith Association, known as Penang Ta Kam Hong, has started and is expected to finish within a year.
KUALA LUMPUR: The Malaysia Gold Association wants investment precious metals (IPMs) and jewelleries to be exempted from the soon-to-be implemented sales and services tax (SST).
GEORGE TOWN: The Penang Goldsmith Association (PGA) is projecting the export of Malaysia’s gold jewellery at an estimated RM6.7bil this year, up from an earlier forecast of RM4bil in March.
HONG KONG: China’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market.
YOU CAN lend support to 15 students from the Generating Opportunities for the Learning Disabled (Gold) association by viewing their soon-to-be- exhibited artworks at Sunway Pyramid, in Petaling Jaya.
PETALING JAYA: It appears that Malaysians are not going for gold with the Malaysia Gold Association predicting almost a 30% drop in demand after the Goods and Services Tax begins.
HONG KONG: China should increase its gold holdings to around 5% of its total foreign exchange reserves to help diversify currency risks, the World Gold Council (WGC) said.
SHANGHAI: China's demand for gold bars fell nearly 44% in the first quarter of 2014 from year ago, even as total gold consumption edged up about 0.8% during this period, the China Gold Association said on Wednesday.