OCBC Bank: The U.S. government restarting may benefit gold assets

According to Jin Ten, Vasu Menon, Managing Director of Investment Strategy at OCBC Bank, stated that besides the stock market, gold may also be a potential beneficiary of the U.S. government's restart. The end of the shutdown means that the U.S. government will be able to release delayed economic data. If the data shows a slowdown in economic growth, it may provide an earlier window for the Federal Reserve to ease policies, which could be interpreted by the market as a precursor to a low-interest-rate environment, benefiting gold.