[Outlook-in-Five] Gold to lose its shine

Gold has had a bit of a bumpy ride this year with fluctuating prices due to US yields. We believe that gold still has a place in investor portfolios, but allocations are likely to be smaller than before. US yields have declined as investors have become more relaxed that the rising US inflation will be transitory – but US rates have also been impacted due to growth anxiety fuelled by the spread of the Delta variant. In this week’s podcast, Sim Moh Siong, our Commodity & Currency Strategist at Bank of Singapore, shares his views on the gold outlook and why investors should remain cautious given prospects of rising US yields over the next 6 - 12 months.