The agency claims that the price of gold may hit $5000 in the first half of the year.

On January 21, as global macroeconomic uncertainties intensified, the market trends of precious and base metals were closely watched. Joni Teves, a precious metals strategist at UBS, recently stated in an interview that the demand for diversified allocation is the core driving force behind the current upward trend in gold prices, with institutional investors, retail investors, and central banks all increasing their holdings of gold to address macroeconomic uncertainties. She expects gold prices to continue to rise in the first half of the year, with the potential for prices to challenge the $5000 per ounce level if concerns about the independence of the Federal Reserve persist. Silver, benefiting from the rise in gold prices and narrowing supply-demand gap, may challenge $100 per ounce this year. The copper market, driven by the demand for energy transition, is facing a tightening supply-demand situation, and prices are expected to rise.