for long term yes, high chances that gold will reach 2,500 to 3,000 by end of this year. it's not for contra players, as on and off will have some news come out and cause some fluctuation on gold price. Ultimately, gold price is on positive side climbing up

1st of all b4 we invest in a stock, we need to understand what makes the price up or down. As Poh Kong is trading gold which means the gold stocks in hand at their branches have becoming more valuable while gold price up. The stock they bought few yrs ago and sell out higher compare to last time and eventually bring better profit. As such, gold price will have an impact on their business.

Same goes now people are speculating vaccine of Covid19 is coming soon. So if it is real means its affect glove stocks as the demand may recede and the average selling price of glove will drop abd benefited the most impacted stocks prior to this which is tourism and airline industry

Hi J Loo, frankly I seldom trade commodity related stocks and if so I trade only Australia commodity stock as they have the world biggest mining firm and move faster. I monitor Poh Kong due to my uncle bought last Friday and ask me check out due to sudden drop.

My opinion is currently gold price is on consolidation phase.. support are near US1,800 an ounce. Gold is consider one of the best hedging on inflation anyway. Although seem have technical rebound today after much drop. I think better to monitor closely on the gold price as the price movement is mainly based on the pricing fluatuation

The thing is their inventory stocks price seems to be higher in value but havent sell yet to customers...have any of you bought gold chain or gold jewellery lately before or after MCO...during MCO no sales at all when gold price lower..now so expensive who buy real gold...have anyone attended many weddings this yr? if got also mostly but white gold...