Krungthai Warns of Global Financial Market Turbulence, Recommends Portfolio Adjustment with Gold and Stable Stocks

Krungthai's Chief Investment Office (CIO) analyzes global financial markets, highlighting high volatility due to potential policy shifts with Kevin Warsh's proposed nomination as Federal Reserve chairman. The bank recommends investors use a 'buy on dip' strategy, focusing on technology and AI-related stocks while maintaining a balanced portfolio. They suggest holding 5-10% gold to hedge against geopolitical risks and potential dollar weakness, with a target gold price range of $5,300-$5,500 per ounce.