The challenge for gold prices in persists barring further escalation in the conflict between Russia and Ukraine, drawing in the EU, the US, and NATO into a widespread conflict, there are few bullish catalysts on the horizon. The macro fundamental environment should prove increasingly difficult for gold prices as Q3’22 progresses, particularly now that all major central banks have wound down their stimulus efforts. Gold, like other precious metals, does not have a dividend, yield, or coupon, thus rising sovereign real yields (particularly US real yields) remain problematic. Put another way, when other assets are offering better risk-adjusted returns, or more importantly, offering tangible cash flows during a time when inflation pressures are raging, then assets that don't yield significant
$ASTI HOLDINGS LIMITED(575.SI)$This gem is going to be delisted soon, due to failure to comply to SGX Watchlist requirements. I mustsay plenty of Singapore penny stocks are not very liquid and lack of investor interest to maintain efficient market.ASTI has a subsidiary EcoCell which is operating in Silicon valley, and potential subject of a SPAC and will be listed in New York instead. The company will then be expected to provide Singapore investors an exit offer, which imo could send this share price through the roof. My position is purely speculative and not based on any fundamentals, do your own due diligence before investing, as the exit offer may be either a profit or a deep loss too!