歐洲央行管委內格爾：近期能源價格回落令人意外，形勢仍然不穩定。

Allianz chief economist Ludovic Subran said US nonfarm payrolls were weak but he still expects inf to peak above 3.7% as AI, fiscal stimulus and the energy sector sustain growth, and that the Fed may have to hike in September, creating a US-Europe policy divergence. He expects the ECB not to follow up after last month’s insurance hike and warned Iran-related war scars will take time to materialize; the economy remains affected but is notably better than a few weeks ago.

OCBC Group Research strategists say gold remains an effective medium‑term portfolio diversifier but prices may be pressured by a tougher macro backdrop. Central bank buying — several central banks have signalled plans to add to reserves over the next 12 months — should support demand. However, investors have largely priced Fed tightening; rising real yields and a stronger dollar are likely to exert short‑term headwinds that may not be fully offset. OCBC forecasts gold at $4,360/oz by end‑2026 and $4,680/oz by end‑Q2 2027.