Since April gold price started to fall. On may 14 price drop to rm135/g from 137/g on Monday
Public gold Executive Chairman Dato 'Hwang said that people started to buy like crazy since the drop. He expect after 3 months, price may go up to around rm160/g. Next 2 weeks he forecast the 916 gold price will drop until below rm130/g.
current situation still on adjustment period. He worried with people buying like crazy, there maybe a shortage in gold in the market.
gold factory production doing well (good business) but worried the products could not reach in time to consumers.
most indian customers have the habit of collection of gold ornaments, so they take advantage of the price of gold to buy
most of Chinese consumers buys 916 gold necklace and 916 ring.
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