Group 1 - Selena Ling, head of Global Financial Markets Research and Strategy at OCBC Bank, expects the Federal Reserve to cut interest rates by 25 basis points in September, with a total potential reduction of up to 75 basis points for the year, anticipating five rate cuts over the next two years [1] - Ling indicates that the demand from central banks, institutions, and retail investors, along with the Fed's resumption of the rate-cutting cycle, could enhance the attractiveness of gold, projecting a year-end target price of $3,570 per ounce and a mid-next-year target of $3,850 per ounce [1] - OCBC's Hong Kong economist, Jiang Jing, has raised the GDP forecast for Hong Kong from 2.2% to 2.6% for the year, citing better-than-expected economic performance in the first half, while expecting moderate growth in the second half due to tariff disruptions and mixed effects from asset market wealth [1] Group 2 - OCBC's Hong Kong economist, Wang Haoting, notes that the US dollar index has performed poorly this year, the worst in nearly 20 years, influenced by uncertainties in US policies such as tariffs, and expects the dollar to continue weakening [1] - The bank forecasts the US dollar index to drop to 95.55 by the end of this year and to 94.93 by mid-next year, driven by trends of dollar diversification and the Fed potentially entering a rate-cutting phase [1] - The bank anticipates that Hong Kong banks will further lower the best lending rate by 25 basis points in the third quarter, returning to levels seen before the US rate hike cycle [1]
华侨银行:料美联储今明两年共减息5次 金价年底目标3570美元
智通财经网·2025-08-26 06:20