Malaysia exported RM4bil worth of gold jewellery products from January to August.
According to Malaysia External Trade Development Corp, Malaysia exported RM4bil worth of gold jewellery products from January to August, more than the RM2.87bil registered for the same period a year ago.“We expected the value of gold jewellery products to decrease because of the volatility of gold prices. Since April 2022, the gold price fluctuated between US$1,951 per ounce and US$1,664 per ounce.
“The economic recovery and the lifting of most remaining Covid-19 measures have supported demand,” he said. “Covid-19 has had a significant impact on consumer confidence, and it is in markets that have dealt with the pandemic more effectively that consumer demand for gold has been more robust.
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