Reset with Lynlee

Traders are betting on further increases in the price of gold after it touched a 12-month high last week, as investors seek safe havens during banking sector turmoil. Spot prices for gold even touched $2,000 per ounce for the first time since the immediate aftermath of Russia’s invasion of Ukraine. So how's gold faring now? And are there more opportunities for gold? On Money in the Market, Hongbin Jeong speaks to John Reade, Chief Market Strategist at the World Gold Council, to find out more.

Highlights:

00:47 - How has gold fared amid the banking turmoil?
02:08 - What scenarios provide more opportunities for gold?
04:42 - Does digital currencies have an affect on gold?
05:42 - What's the near term outlook for god?
06:24 - What advice do you have for those holding gold in the current market?

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There have been widespread layoffs in the tech sector - and it’s left business leaders to rethink their IT investments. So how can businesses streamline their IT investments? And how long and deep will this tech winter be? On Money in the Market, Hongbin Jeong speaks to Seth Ravin, Founder, Global CEO & Chairman of the Board at Rimini Street to find out more on how IT decision-makers in the region can maximise the value of their technology investment, a key criteria for success in the current macroeconomic environment.

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For a market wrap of the week, Hongbin Jeong speaks to Geoff Howie, Market Strategist at the SGX to find out how the STI performed in the past week, the biggest movers, and what to look out for in the week ahead. They also discuss the latest factory activity data out from Singapore, the Singapore's latest inflation numbers, what to expect from the MAS, as well as US Fed's interest rate decision.

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Recently, Singapore pushed New York off the top spot for the strongest growth in residential rents in the last quarter of 2022, fuelled by a supply crunch and strong demand. According to a report by Knight Frank, annual rents jumped 28% in the quarter from a year earlier. New York followed with 19% growth. Can we expect more pain for tenants? Or will prices cool down soon? On Money in the Market, Hongbin Jeong speaks to Audrey Siek, Show Host and Producer at Ohmyhome to find out more about the current property market. 

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The Fed opted for a 25 basis point hike. Officials, though, did consider pausing increases in the days leading up to the meeting but in the end the hike got unanimous support. Fed Chair Jerome says the bottom line is inflation is still too high and more interest rate increases are needed. So what does this mean now for the banking sector? Will the Fed pause soon? Or will rates continue to go higher for longer? On Money in the Market, Hongbin Jeong speaks to Vishnu Varathan, Head of Economics & Strategy, Asia at Mizuho Bank to find out more. 

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According to the latest AgFunder Global AgriFoodTech Investment Report 2023 - Global agrifoodtech funding in 2022 came in close to 50% (44%) lower than the year before.

To help us get a better understanding of what is moving in the industry Rachel Kelly spoke to John  Friedman, Asia Director of AgFunder and GROW Accelerator.

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Gold has returned to its shine as a safe haven amid a turmoil in the banking sector - with at one point prices even rose to $2,000 for the first time in a year. But what’s making gold so attractive right now? And do gold prices have more room to run? What about silver? Is there a silver lining there? On Money in the Market, Hongbin Jeong speaks to Priyanka Sachdeva, Market Analyst at Phillip Nova, to find out more about gold and silver in the current market. 

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Culture is something that is intangible when viewed from a traditional financial investment standpoint. But why does culture matter when it comes to investing? How does culture play a role? On Money in the Market, Hongbin Jeong speaks to Yan Gao, Portfolio Manager and Business Analyst, WCM Investment Management to find out how WCM Investment Management uses culture as a metric to screen potential investable companies.

Highlights: 

00:55 - How is "culture" investable?
03:00 - What are some methods used to for a equity screening process?
04:34 - Why does "culture" matter when it comes to investing? 
05:26 - How do companies with a "strong" culture perform better?
06:30 - What should investors note when they want to invest in a "strong" culture?

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A deal to end the crisis of confidence that had started to spread across global financial markets - UBS Group has agreed to buy rival Credit Suisse in a historic, government-brokered deal. What does this mean now, and how are markets reacting? On Money in the Market, Hongbin Jeong speaks to Chanyaporn Chanjaroen, Asia Finance reporter at Bloomberg in Singapore to find out more about this latest development and how much the US Fed will weigh the recent turmoil in the banking sector on its next monetary policy move.

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The Afternoon Update's Hongbin Jeong speaks to Geoff Howie, Market Strategist from the SGX for a market wrap for the week, on the back of the turmoil that has hit the banking sector, including the fall of SVB and the crisis of Credit Suisse. They discuss how the STI fared this past week; how local banking stocks were affected; and how much the Fed will weigh the current turmoil when deciding on their next interest rate hikes. Also on the agenda, they talk about the outlook on Singapore's economy as the island releases NODX numbers and employment data. 

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