Heng Koon How

U.S. President Donald Trump speaks, as he and Apple CEO Tim Cook (not pictured) present Apple's announcement of a $100 billion investment in U.S. manufacturing, in the Oval Office at the White House in Washington, D.C., U.S., August 6, 2025. REUTERS/Jonathan Ernst

Trump trade mayhem will steepen yield curve and weaken the US dollar

Larger damage to greenback will be seen in the long run, as tariffs force countries to diversify their trade away from America...

Copper rods at a factory in Vietnam. Copper peaked at just under US$11,000 per metric tonne in Q2 2024 and fell to the US$9,000 per metric tonne level in December.
COMMENTARY

Volatile commodity prices portend a challenging 2025

Slowing growth and geopolitical risks will weigh on oil and copper although gold will continue to benefit from safe haven demand

FILE PHOTO: An employee shows gold bullions at Degussa shop in Singapore June 16, 2017. REUTERS/Edgar Su/File Photo

Long-term prospects of gold are shining bright

Expect more strength in gold prices due to geopolitical uncertainty, demand from central banks and expected interest rate cuts

Trump’s proposed changes to tax policies will likely have inflationary effects – a huge worry given the stickiness of inflation in the US.
WEALTH & INVESTING

Key risks ahead for the global economy

Sticky global inflation and China’s uneven economic recovery remain key risks too and a second Trump term would lead to elevated policy...

UOB  sees three major blockchain related shockwaves hitting the banking system in the years to come. These will fundamentally change clients’ payment experience, the capital markets landscape and the investible assets space.
FUTURE OF FINANCE 2022

Future-proofing banking ahead of blockchain shockwaves

This will be necessary in response to changes in clients’ payment experience, capital markets landscape and investible assets space.