Yun Liu, an ASEAN economist at HSBC, provides insights into the outlook for U.S. interest rates and its potential effects on Southeast Asian currencies. The article explores the implications of interest rate changes on the region’s economic growth, inflation, and currency stability.
Gold prices dropped on Monday due to reduced concerns about a potential broader conflict in the Middle East, with investors turning to riskier assets like stocks. Spot gold fell 2.3% to $2,336.29 per ounce, its biggest intra-day decline in over a year, while U.S. gold futures declined 2.7% to $2,349.70. The easing of tensions prompted investors to reduce their safe-haven positions in gold.
