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Gold prices edged higher in all major currencies Monday in London ahead of a wave of central bank decisions this week, with interest-rate traders now pricing in potential 3 rate hikes from the US Federal Reserve in 2022 even as the yield curve flattens
Hawkish Fed set to widen KOSPI fluctuation
Investors holding back on worries over US monetary policy and emergence of new Covid-19 variant
THE recently ended third quarter (Q3) earnings season has now provided investors a glimpse of what is to come in 2022 as the relatively respectable quarterly results has now been overshadowed by a barrage of downgrades in earnings forecast for next year, mainly due to the one-off effect from Cukai Makmur or Prosperity Tax, which was announced in Budget 2022.
Some want the US Federal Reserve to hike interest rates right now. Economists say there would be little to gain from that.