A gold ox figurine on display at a Luk Fook Holdings International jewellery store in Beijing. Photo: Bloomberg
All signs point to a third straight year of gains for gold in Year of the Ox, analysts say
- Gold prices in Hong Kong rose 18 per cent in the Year of the Rat to HK$17,050 (US$2,200) per tael, taking gains for the past five years to 61 per cent
- Gold could rise by as much as 20 per cent to over HK$20,000 per tael, says Haywood Cheung, president of bullion exchange
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Commodities
A gold ox figurine on display at a Luk Fook Holdings International jewellery store in Beijing. Photo: Bloomberg