SINGAPORE: Gold outshines all assets amid virus fears

Published: 09.03.2020 Related countries:  Singapore Singapore

It is expected prices to "top out" in the US$1,750-US$1,800 range in the first half of the year as he doesn't foresee big rate cuts by central banks, particularly those in developed countries that have already "cut to the bone".

"I don't think anyone has a clear idea of how big the economic impact of Covid-19 will eventually be. Due to the seemingly transient economic impact of the Covid-19, I expect gold prices to perhaps come close to its record high but not surpass that level materially," said the Singaporean OCBC's bank specialist Mr Lee.