Gold price dived on 12 August 1915+- USD / OZ, now gold price is shooting up with long term target @2300USD / Oz , And price dived today is mainly due to Fed Reserve cutting interest rate it has only short term effect on gold price drop. Due to daily cases of corona and this pandemic crisis the world economy is not going to recover anytime soon. By end of this year KITCO , Bloomberg big banks like CITI Group and JP. Morgan Chase has a target price at USD2300/Oz. For Poh Kong, their assets is mainly physical gold jewelleries and rise in gold price will lead to increment in company assets leading to higher market cap. It is a bullish. Mark my words
Stock: [POHKONG]: POH KONG HOLDINGS BHD
2020-08-12 16:04 | Report Abuse
Gold price dived on 12 August 1915+- USD / OZ, now gold price is shooting up with long term target @2300USD / Oz , And price dived today is mainly due to Fed Reserve cutting interest rate it has only short term effect on gold price drop. Due to daily cases of corona and this pandemic crisis the world economy is not going to recover anytime soon. By end of this year KITCO , Bloomberg big banks like CITI Group and JP. Morgan Chase has a target price at USD2300/Oz. For Poh Kong, their assets is mainly physical gold jewelleries and rise in gold price will lead to increment in company assets leading to higher market cap. It is a bullish. Mark my words