About precious metals: I already have a modest position on gold since before the US-Israel-Iran conflict. I am sticking with what I already have as a hedge.
About STI as a "safe haven" : If oil prices remain high for a long time, it will be a problem for the Singapore economy in general because the country is also dependent on fuel imports. Prolonged elevated oil prices can slowdown growth and this could affect STI's status as a "safe haven". The big banks can only contribute to a certain point.
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