DBS Strategist: Gold's Medium-Term Outlook Remains Slightly More Constructive

According to Sherilyn Chew, multi-asset strategist at DBS Group's research division, gold's medium-term outlook remains slightly more constructive on July 8. Hong Kong's launch of a gold clearing infrastructure pilot reinforces broader regional interest in gold and should deepen market accessibility across Asia over time. Additionally, amid de-dollarization discussions, China's central bank is expected to continue increasing its gold holdings, reflecting sustained official demand. Both factors support a demand floor for gold in the medium term.
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