Zhongxin Jianduo Huang Wentao: 2026 is still a golden opportunity, gold and silver are longer-term investment opportunities.

According to Dr. Huang Wentao, director of the China International Capital Corporation Securities Research Institute, in his 2026 Chinese New Year message, he believes that in terms of commodities, 2026 is still a good opportunity for gold, and both gold and silver are long-term investment opportunities. Recently, the price of gold has shown significant fluctuations, but these short-term fluctuations should not be a cause for concern. The recent rise in the prices of gold and silver is driven by a different logic than before. Previously, the framework was driven by interest rate changes, US dollar pricing, and hedging logic, but in the past year or two, the price increase was not driven by these factors, but rather by geopolitical logic. Many central banks, institutions, and investors around the world have been increasing their holdings of gold and silver, reflecting concerns about geopolitical tensions, growing debt levels, and the weaponization of the US dollar.