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Gold Surges Above $1965 On Powell Remark

✨✨ BREAKING: Gold Surges Above $1965 As Fed Starts Signalling Pivot
The Fed Pivot Is Near
Powell: “We can now say for the first time that the “disinflationary process has started”
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Fed: “Disinflationary Process Has Started”

🇺🇸 🇺🇸 Powell Says The “disinflationary process has started” – S&P Closes 1.8% Higher, Nasdaq Up 2%
The Fed Pivot Is Near
Powell: “We can now say for the first time that the “disinflationary process has started”
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Money Never Sleeps

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Gold: Are You Making 70%?

⛅️ ⛅️ Cloud Summer PAMM Fund has announced a dividend of 9.6166% For Its First Cycle of 2023!
Every 5 Weeks Cloud Summer PAMM Fund is expected to deliver returns of 8-10% and at least 70% in 12 months
Its All About Gold
Gold has started a mega bull trend (trading above $1940) as the market expects the Fed pivot to start kicking in
Traders are hoping softening inflation will cause Chairman Jerome Powell to signal a pause in tightening in the near future
Once the Fed starts tapering its rate hikes, Gold has the potential to go to $3K per ounce!
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Why Gold?
1) Gold has started a mega bull trend as the market expects the Fed pivot to start kicking in. Once the Fed starts tapering its rate hikes, Gold has the potential to go to $3K per ounce!
2) Within an 11-year trading range, gold posted a monthly bullish reversal off a nine-year trendline support. This is only the third monthly bullish reversal in 18 years. Monthly bullish reversals are rare—but when they occur, they mark accelerations to the upside. IF Gold breaks above $2120, we will see $3000
3) China Is Buying Gold
The People’s Bank of China raised its gold 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
4) The World Gold Council estimates that central bank buying has lifted gold reserves to their highest level since 1974, with massive purchases from Russia and China being key
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UOB Will Lead The Pack

🇸🇬 🇸🇬 Watch Out For UOB: Chew Mun Yew may not be your typical private banker. But his diverse professional background is contributing to how he runs UOB’s private wealth business, which has ambitious plans to increase assets to SGD120 billion by 2026
Since joining UOB in December 2021, the head of private wealth has combined the private bank with priority banking, and structured the business
Investors Take Note: UOB to ‘lead the pack’ when Singapore banks report 4QFY2022 results in February owing to its Citi acquisition
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The Fed Pivot Is Near

🚨 🚨 Dow closes more than 350 points higher, S&P 500 caps best January in four years
Why The Market Went Up
The employment cost index which is an important measure of wages eyed by the Fed, showed compensation increased 1% in the fourth quarter. It was below the 1.1% estimate from Dow Jones
The Fed Pivot
Traders widely expect a quarter-point increase in rates by the Fed, but they are hoping softening inflation will cause Chairman Jerome Powell to signal a pause in tightening in the near future (Fed Pivot)
A Stellar January
Stocks have had a stellar start to 2023. The S&P 500 and Dow are up about 6.2% and 2.8% in January in their third positive month in four. The Nasdaq Composite has risen nearly 10.7% this month for its best monthly performance since July
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