
Money Mind 2025/2026
22:54 Min
Money Mind 2025/2026
Strategies for the financial fallout from US tariffs: how to stay resilient as markets and currencies take a hit. But could there be a silver lining for consumers in Asia?
Money Mind 2025/2026
About the show:
Money Mind tells you how to make the most of your money with tips for investors, business ideas for businessmen and analysis of the economy, companies, markets, financial products and trends.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNA
an hour ago
- CNA
Silver surges past $35/oz level to hit a more than 13-year high
Silver has soared to the key milestone of $35 per ounce, reaching its highest level in more than 13 years, propelled by robust industrial demand and ongoing supply deficits, analysts said. Spot silver rose 2.5 per cent to $35.82 per ounce as of 1347 GMT, having touched its highest level since February 2012 at $36.08. "We have been expecting silver to close its performance gap with gold for some time. The metal has firm fundamentals, including being in a supply deficit and industrial demand being robust," said Nitesh Shah, commodities strategist at WisdomTree. The gold-silver ratio, which reflects how many ounces of silver are needed to buy an ounce of gold, currently stands around 94 - down from 105 in April, when it reached its highest level since May 2020. A lower gold-silver ratio means silver is gaining value relative to gold. Given silver's recent underperformance against gold, "it looks to me that there could be some ratio trading going on now that it's dipped below the 100 level," StoneX analyst Rhona O'Connell said. ROBUST INDUSTRIAL DEMAND Known both as a safe-haven asset and a vital industrial metal, silver has surged 24 per cent so far in 2025. Industrial uses account for more than half of global silver demand, according to the Silver Institute industry association. That demand has remained robust despite broader industrial headwinds in the past few years, said Shah, due in part to its role in solar and electrification. "With all precious metals in positive territory, I guess they are benefiting from similar factors - weaker US economic data supporting the case of rate cuts, which should support industrial demand at a later stage," said Giovanni Staunovo, UBS analyst. Meanwhile, gold has surged about 29 per cent in 2025, shattering records multiple times on safe-haven demand, expectations of U.S. rate cuts and robust central bank purchases. SUPPLY DEFICIT AND LONG-TERM OUTLOOK Silver is facing its fifth consecutive year of a structural market deficit, although the deficit is expected to narrow by 21 per cent in 2025, according to the Silver Institute industry association. "As silver is largely a by-product of mining for other metals, the elevated price will not necessarily drive a lot of new supply. So supply deficit markets may be maintained for longer," Shah added. "In the long-term, rising demand for silver as an industrial material means prices could reach $40 or even $50 per ounce," said Fawad Razaqzada, market analyst at City Index and


CNA
2 hours ago
- CNA
China's Xi held phone call with Trump: State media
BEIJING: Chinese President Xi Jinping on Thursday (Jun 5) held talks with US President Donald Trump by phone, the official Xinhua news agency reported. The call was made on Trump's request, Xinhua added, without providing further details about the leaders' conversation. It comes as Washington and Beijing clash over areas such as trade and student visas. The White House earlier raised expectations of a phone call, with its spokeswoman Karoline Leavitt saying on Monday that Trump would likely speak with Xi this week to iron out differences over last month's tariff agreement in Geneva, including the handling of critical minerals. But early Wednesday, Trump appeared to dampen hopes for a quick resolution. "I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!" Trump posted on his Truth Social platform. Asked about the remarks, Chinese foreign ministry spokesman Lin Jian said Beijing's "principles and stance on developing Sino-US relations are consistent". China was the biggest target of Trump's April tariff blitz, hit with additional levies of 145 per cent on its goods as both sides engaged in tit-for-tat escalation. China's countermeasures on US goods reached 125 per cent. Both sides agreed to temporarily lower rates in May, while Trump delayed most sweeping measures on other countries until Jul 9. Amid a flurry of negotiations, so far, only a deal with the UK has materialised.

Straits Times
2 hours ago
- Straits Times
President Tharman, PM Wong congratulate newly elected South Korean President Lee Jae-myung
South Korean president Lee Jae-myung taking an oath during his inauguration ceremony at the National Assembly in Seoul on June 4. PHOTO: BLOOMBERG SINGAPORE – President Tharman Shanmugaratnam and Prime Minister Lawrence Wong extended congratulations to newly elected South Korean president Lee Jae-myung on June 5. Mr Lee was elected president in a June 3 snap election, six months to the day after he evaded military cordons to vote against a shock martial law decree imposed by his ousted predecessor. Singapore and the Republic of Korea enjoy substantive and multi-faceted relations, underpinned by robust economic links and strong people-to-people ties, wrote Mr Tharman in his letter. He noted that both countries are 'like-minded partners who cooperate well at multilateral fora and share a similar outlook on key regional and international issues, in particular the need to support free trade, multilateralism, and a rules-based international order'. Mr Tharman said that, with 2025 marking the 50th anniversary of Singapore's diplomatic relations with South Korea, he is confident that these close ties will continue to strengthen with Mr Lee's support and leadership. 'I wish you every success as you assume your new role and take the country forward,' said Mr Tharman, who also extended an invitation to Mr Lee to visit Singapore soon and wished him good health . PM Wong said in his letter that Mr Lee's victory reflected the confidence that the people of South Korea have in his leadership and vision. Also highlighting the close and longstanding friendship that Singapore and South Korea shared, PM Wong noted the strong and multi-faceted cooperation between both countries, including collaboration in new and emerging areas like the digital economy, energy and sustainability, artificial intelligence, start-ups, research and development and food security. 'We are like-minded partners on many regional and international issues, including the importance of a peaceful Korean Peninsula and an open, rules-based international trading system,' said PM Wong. Both countries are set to upgrade relations to a strategic partnership in October, and this also includes timely reviews of the Korea-Singapore Free Trade Agreement and the bilateral Air Services Agreement, said PM Wong, adding that he is looking forward to working with Mr Lee to advance this cooperation. 'I wish you good health and success as you assume office. I look forward to visiting the Republic of Korea later this year to attend the Apec (Asia-Pacific Economic Cooperation) Economic Leaders' Meeting, and to make an official visit where we can jointly launch the Republic of Korea-Singapore strategic partnership,' said PM Wong. Join ST's WhatsApp Channel and get the latest news and must-reads.