With Warsh At The Fed's Helm, Gold Finds Refuge In Asia

Gold faces near-term pressure due to resilient U.S. economic data and higher real yields under new Fed Chair Kevin Warsh, with UBS predicting prices could drift toward $3,850-$4,000. However, structural factors favor longer-term bullish outlook. Meanwhile, the bullion market is shifting eastward as Singapore and Hong Kong establish themselves as major trading hubs with new clearing systems.