Overseas Chinese Bank: U.S. Government's Restart Imminent, Gold May Become a Potential Beneficiary Asset.
Vasu Menon, Managing Director of Investment Strategy at Oversea-Chinese Banking Corporation Limited (OCBC), stated that in addition to the stock market, gold could also potentially benefit from the restart of the U.S. government. The end of the shutdown means that the U.S. government will be able to release delayed economic data, and if the data shows a slowdown in economic growth, it may provide an earlier window for the Federal Reserve to ease its policies. The market may interpret this as a precursor to a low interest rate environment, which would be positive for gold.
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