Singapore Bullion Market Association/Chen Guangzi/June 2023
“The biggest risk remains the tensions between China and the US. The confrontation between the world’s largest and second-largest powers is expected to last at least for the next decade. Both the US and Taiwan will have presidential elections in 2024, bringing uncertainties. Consequently, the demand for safe-haven assets, especially gold, is expected to intensify..”
USAGOLD note: A practical overview new investors will find informative. Guangzhi is head of research at KGI Securities Singapore. His analysis includes an enlightening table of gold’s performance during recessions.
