Local market closed slightly positive while sentiment remains weak.  Gold outlook continues to improve with rising macro risk and weakening USD. Can the underperforming fund managers miss the third cycle in 12mth? FOMO in gold coming!!! Globally central banks are all talking about better inflation and potential rate rise in the future while US Fed finds reasons for not putting the foot down. US Fiscal policy outlook is looking very shaky…republicans are calling the budget as “dead on arrival” as some of them are facing elections soon.

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