$EMCC(0286.MY)$
(KUALA LUMPUR, 9th) Although banks are the main channel for people to apply for loans, as the price of gold has continued to rise recently, more and more people are choosing to use pawnshops to pawn gold in exchange for cash.
Malaysia's two listed pawnshops, namely EMCC (EMCC, 0286, GEM) and PPJ Pawn Shop (PPJACK, 0242, GEM), are expected to benefit from this wave of gold pawns.
Gold prices have continued to rise due to rising geopolitical risks since last year and strong purchases by central banks. Since this year, international gold prices have risen by about 13.53%.
Pawn shops in Klang Valley have confirmed that as many people face pressure from rising living costs and financial difficulties, as the price of gold rises, more and more people are choosing to pawn gold when the price of gold soars to a new high.

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