Analysts wary of inflation Banking, gold, crypto tipped as hedges Analysts recommend investing in assets that can serve as hedges against inflation, including banking, insurance, real estate and recovery-related stocks, as well as gold and bitcoin as long-term bond yields remain high, signalling high inflation ahead. UOB Kay Hian Securities predicts long-term bond yields will remain stable at a high level over the next two months, benefitting inflation-hedging stocks. US President Joe Biden recently disclosed his US$6 trillion budget, which contains details on economic stimulus measures, infra…

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