Will Gold Continue To Shine?

Christopher Wong, FX Strategist, OCBC

22-Aug-24 07:45

Pause
Embed

The price of gold rallied to a new high this week surpassing US$2,530 an ounce, surging by over 20% year-to-date. The rally is said to be driven by growing investor confidence that the US Federal Reserve will cut interest rates next month. Christopher Wong, an FX strategist at OCBC, shares his view on whether or not this rally still has legs and if investors should consider adding gold to their portfolios.

Image Credit: shutterstock.com

Produced by: Natalie Tan

Presented by: Wong Shou Ning, Keith Kam, Philip See

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: markets, investments, sponsored content

Tags: celcomdigi2024, gold rally, gold prices, us federal reserve, interest rate,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) We look at why Malaysia is winning the data centre race, with Carlos Garcia Rodriguez from Turner & Townsend.

12:00 PM

Just For Kicks

(REPEAT) We look ahead to Matchweek 13 of the English Premier League, including the big one between first and second - Chelsea vs Arsenal

1:00 PM

A Bit of Culture

(REPEAT) Kam, Matt and Vernon congregate to talk about historians and AI, pasar malams and audiobooks!

2:00 PM

Ringgit & Sense

(REPEAT) Chee Pei Pei, Tax Partner and Private Leader at Deloitte Malaysia explains the ins and outs of family businesses.

2:30 PM

The Property Show

(REPEAT) Theebalakshmi Kunasekaran of the Khazanah Research Institute and Cindy Chew of Thrive Well discuss the aims of Malaysia’s PPR public housing programme, its evolution, and the lived experiences and social support needs within PPR communities.

3:00 PM

Best of The Bigger Picture

(REPEAT) How did a World No. 8 badminton player deal with an injury that set her back for months? Goh Liu Ying shares about the mental health struggles she faced.

4:00 PM

Best of Evening Edition

(REPEAT) We speak to Isabella Pek about orchestras in Kuala Lumpur.

5:00 PM

BBC World Service

This episode of Discovery looks at niche jobs that only animals can do.

PROGRAMMES