🟡 Gold Rally Likely to Persist, Says Tomei MD
Tomei Consolidated Bhd says geopolitical risks and central bank buying could sustain the ongoing gold price rally.
🔹 What’s happening:
• Gold prices are up 0.33% at US$4,466.81/oz, after hitting a record US$4,549.71 on Dec 26, 2025
• Annual gain in 2025: 64% — best performance since 1979 (theedgemalaysia.com)
• Tomei MD Datuk Ng Yih Pyng: rally supported by central bank buying and heightened geopolitical uncertainties
🔹 Market outlook:
• Analysts see gold potentially reaching US$5,000/oz in H1 2026
• Structural factors, including sustained central bank demand, are key drivers
• Volatility may continue, but medium-term trends remain supportive
🔹 Company impact:
• Tomei’s short-term earnings boosted by the rally
• Expansion plans include new outlets and product launches, despite rising rental costs
• Promotions planned ahead of Hari Raya and other major campaigns
Expert insight:
“Central banks are not traders; as long as they hold, gold prices remain supported,” said Ng, highlighting structural support for the rally.
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