Tuesday, August 02, 2011

Demand for Gold will see a rise in 2H of the year

The demand for gold jewellery products from Malaysia is likely to rise in the second half of the year due to softening gold prices.

Hong Kong is the second largest importer of gold jewellery products from Malaysia, after the United Arab Emireates, which absorbs about 90% of Malaysia's gold jewellery export.

UAE imported RM1.61bil worth of gold jewellery products for the January to May period, compared to RM1.65bil in the same period of 2010, according to the latest Malaysia External Trade Development Corp (Matrade) report. More from The Star..

Image source: The Star

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