PRECIOUS METALS | Gold’s Medium-Term Outlook Remains Slightly Constructive, Strategist Says

Gold’s medium-term outlook remains slightly constructive, according to a strategist at DBS Group Research. According to Jin10, Sherilyn Chew, a multi-asset strategist at DBS Group Research, said Hong Kong’s launch of a trial for gold clearing infrastructure has reinforced a broader theme of sustained interest in gold across Asia and should help deepen market accessibility across the region over time. Chew also said that amid discussions about de-dollarization, China’s central bank will continue increasing its gold holdings, highlighting ongoing demand from the official sector. She said these two factors support a floor for medium-term demand for gold.