Market Review and Trends
Impact of Trump Attack on Syria on STI and Gold
By My Sweet Retirement  •  April 9, 2017
The news was shocking to me and I bet it was shocking to the world as well. Trump has ordered a missile strike on Syria Thursday. I read on Bloomberg that his move has shaken world markets. U.S. stock index futures slump after his action. Global oil prices jumped more than 2% on Friday on news the U.S. launched a cruise missile attack on Syria. The missile attack does not seem to have much impact on Singapore stock market. As you can see from the chart below, the Straits Times Index still gained 0.05% which proves that the stock market can be irrational. Trump’s action seems to have a significant impact on gold prices. As you can see from the chart I gotten from Bullion Star’s website, there was a significant spike in gold price. This proves that everyone still thinks gold is a safe haven in ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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