Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close at 7115 since May 7, 1997, while the Standard & Poor's 500 index logged its lowest finish at 743 since April 11, 1997.
Meanwhile, gold continues to hold its ground.
UOB quotes GML 1 oz = RM 3,771 sell / 3,686 buy
MBB quotes KIJANG 1 oz = RM 3,835 sell / 3,713 buy
MBB gold saving passbook ac./gm = RM 122.84 sell / 113.74
PBB gold invest ac./gm = RM 119.15 sell / 114.43
If you have bought at GML at RM 2,850 your gain would have been RM 836, a massive 29%.