Citi warns of volatility in gold, forex as it boosts odds of Trump win to 40%
Singapore
GOLD may be in for a bumpy ride in the final quarter as Republican candidate Donald Trump now has a 40 per cent chance of winning the presidential election, and investors will be preparing for the possibility of higher US interest rates, according to Citigroup Inc.
Volatility in bullion and foreign exchange markets may increase, according to a commodities report from the bank as it raised the odds on a Trump victory over Democrat Hillary Clinton in November from 35 per cent. There would probably be a single US …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Asia: Oil surges, equities sink as Israel strikes on Iran fan Middle East escalation fears
Gold set for fifth weekly gain as geopolitical risks buoy demand
Oil holds near 3-week low as US sanctions interrupt easing tensions
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
BP reshapes its leadership team as some executives leave
BHP to decide on future of nickel business by August, trims met coal estimates