Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
The report said this resulted from banks in the region raising the average interest rate on deposits and “favorable savings products,” along with high rates of inflation. Tangsitpakdee said the sustained uptrend was being driven not only by the prospect of central bank rate cuts, but also by continuous local buying of physical bullion.
The Ministry of Commerce also warned the public against buying gold through online channels, where there is a greater risk of gold counterfeiting, and they reminded gold sellers that they must strictly abide by the law, including clearly displaying the price tag for gold and bullion products. Following negotiations between law enforcement agencies and the head of the APGJA, the traders were released with assurances from the Association that they would “help control speculation, encourage physical trading, promote legal trading practices, and enhance documentation and computerization” within the local gold market.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »