China Extends Gold Buying

🇨🇳 🇨🇳 China Extends Gold Buying With Fresh Flows to Central Bank
The People’s Bank of China raised its holdings by 30 tons in December. This follows November’s addition of 32 tons and brings the nation’s holdings to a total of 2,010 tons
Central bank purchases of bullion hit a record in the third quarter of last year at almost 400 tons with only a quarter going to publicly identified institutions
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Jack Ma Gives Up Control Of Ant Group

🚨 🚨 BREAKING: Billionaire Jack Ma Gives Up Control of Ant Group
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Stocks Stage First Big Rally Of 2023

‼️ ‼️ BREAKING: Stocks stage first big rally of 2023 as hope grows that inflation will ease, Dow closes up nearly 700 points
It was the best day for the Dow and S&P 500 since Nov. 30 and the best for the Nasdaq since Dec. 29. Every Dow component ended Friday up
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Singapore To Outperform In 2023

🇸🇬 🇸🇬 Singapore To Outperform In 2023: Analysts at UOB Kay Hian are forecasting that the Singapore market will “outperform” even as 2023 looks to be a more uncertain year for the global economy
Investors Take Note: The Straits Times Index (STI) managed a total return of 6.6% in 2022
They are of the view that this outperformance by the STI should continue due to its defensive nature, and also given the prevalence of quality, value and dividend stocks relative to its regional peers
UOB Kay Hian: “Singapore presents a lower risk vs other countries in the region”
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Warning: Fed Is Not Done Yet

🇺🇸 🇺🇸 Warning: Do Not Underestimate The Fed
The Federal Open Market Committee (FOMC) December meeting minutes were published Wednesday 4 Jan
Do Not Go Against The Fed
Federal Reserve officials offered uncharacteristically blunt words of warning to investors that cautioned against underestimating the central bank’s determination to hold interest rates at higher levels to bring down inflation
Many Fed officials are anxious they won’t be able to defeat inflation unless they can slow the economy by tightening financial conditions, such as by raising borrowing costs or lowering stock prices
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ESG: UBS Sees This Stock Rising 51%

☀️ 💨 ESG 2023: The U.S. has revealed plans to spend $370 billion on new energy provisions through its Inflation Reduction Act, while the European Union’s REPowerEU plan targets 210 billion euros ( 221.4 billion) in investment
Companies across the sector are reacting accordingly with plans to replace traditional thermal generators, such as those fed by coal, oil and gas, with renewable energy sources powered by wind, solar and nuclear
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Analysts See Gold At Record

🏆🏆 Gold surges to 6-month high, analysts expect records in 2023
Saxo Bank: In general, we are looking for a price friendly 2023 supported by recession and stock market valuation risks — an eventual peak in central bank rates combined with the prospect of a weaker dollar and inflation not returning to the expected sub-3% level by year-end — all adding support
Investors Take Note: The key events for gold prices will be Wednesday’s minutes from the latest U.S. Federal Reserve meeting and Friday’s U.S. jobs report
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2023: What The Experts Are Saying

🎯🎯 Barclays Capital Inc says 2023 will go down as one of the worst for the world economy in four decades
Fidelity International reckons a hard landing looks unavoidable
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SGD & THB Set To Roar

🇸🇬 🇹🇭 Singapore Dollar to Tussle With Baht for Best Regional Currency (Chart Below: USD/THB)
The Singapore dollar was the only Asian currency to appreciate against the greenback last year
OCBC: The baht is likely to lead gains among Asia ex Japan for 2023
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