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Top related persons:
Heng Koon - 3 Nicky Shiels - 1 what's - 1 Sven Hoppe - 1 Bart Melek - 1 Melek - 1 David Neuhauser - 1 Neuhauser - 1
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Israel U.S China India Yichang Hubei province
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Markets - 2 CNBC - 2 Global Economics - 1 Markets Research - 1 Getty - 1 Refinitiv - 1 Securities - 1 U.S . Federal - 1

Search resuls for: "Heng Koon"


5 mentions found


☆ Gold soars past $2,100 to new record — and analysts don't expect it to stop there
  + stars: | 2023-12-04 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
Gold prices notched a new record on Monday for a second day in a row — with spot prices touching $2,100 as the global rush for bullion appears set to continue. Gold prices are on course to hit fresh highs next year and could remain above $2,000 levels, analysts said, citing geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts. Gold tends to perform well during periods of economic and geopolitical uncertainty due to its status as a reliable store of value. He estimated that gold prices could reach up to $2,200 by the end of 2024. "There is simply less leverage this time around vs 2011 in gold ... taking prices through $2,100 and putting $2,200/oz in view," said Nicky Shiels, head of metals strategy at precious metals firm MKS PAMP.
Persons: Heng Koon, Nicky Shiels Organizations: Markets, Global Economics, Markets Research, CNBC Locations: Israel
☆ Strategist explains what's behind the U.S. dollar's strength
  + stars: | 2023-08-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist explains what's behind the U.S. dollar's strengthHeng Koon How, head of markets strategy at UOB, says foreign exchange market moves in the past month have been mostly driven by interest rate differentials.
Persons: what's, Heng Koon
☆ Gold prices to breach all-time highs? Some expect bullion to hit $2,500
  + stars: | 2023-08-11 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +5 min
Spot gold prices hit a record intraday high of $2,072.5 on Aug. 7, 2020, according to data from Refinitiv. We also see a return of physical gold jewelry demand from China and India as both economies stabilize and retail spending returns. Gold prices tend to have an inverse relationship with interest rates. "We also see a return of physical gold jewelry demand from China and India as both economies stabilize and retail spending returns," Heng said. Chinese retail gold demand has been resilient in 2023 even as consumption of other commodities remained weak, Citi said in a July report.
Persons: Sven Hoppe, Bart Melek, Melek, David Neuhauser, Neuhauser, Randy Smallwood, Heng, Heng Koon, UOB Heng, Citi's, Doshi Organizations: Getty, Refinitiv, CNBC, Securities, U.S . Federal, Livermore Partners, Fed, Wheaton Precious Metals, greenback, Markets, Federal Reserve, Citi, Commodities, Future Publishing Locations: U.S, China, India, Yichang, Hubei province
☆ Pay attention to upcoming Fed meetings, says UOB
  + stars: | 2022-11-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPay attention to upcoming Fed meetings, says UOBHeng Koon How of United Overseas Bank discusses the Reserve Bank of New Zealand's hawkish 75 basis point interest rate hike.
☆ The US dollar will find it hard to maintain its strength: UOB
  + stars: | 2019-12-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe US dollar will find it hard to maintain its strength: UOBAs risk appetite recovers and as the Chinese yuan and British pound recover, it will be "tougher" for the U.S. dollar to remain strong, says Heng Koon How of United Overseas Bank.
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