Institutions predict gold prices may hit $5,000 in the first half of the year.

With escalating global macroeconomic uncertainty, the market trends of precious and base metals are attracting significant attention. Joni Teves, a precious metals strategist at UBS, recently stated in an interview that the demand for diversified asset allocation is the core driver of the current gold price increase, with institutional investors, retail investors, and central banks all increasing their gold holdings to cope with macroeconomic uncertainties. She predicts that gold prices will continue to rise in the first half of the year, and if market concerns about the independence of the Federal Reserve continue to intensify, gold prices could potentially challenge the $5,000/ounce mark in the first half of the year. Silver, benefiting from rising gold prices and its own narrowing supply-demand gap, may challenge $100/ounce this year. The copper market, driven by energy transition demand, is experiencing a tightening supply-demand situation, and its price center is expected to rise. (Golden Ten)