瑞银财富管理CIO：黄金价格或有进一步上行空间

Group 1 - UBS Wealth Management's Chief Investment Office (CIO) suggests that gold prices may have further upside potential due to the possibility of the Federal Reserve easing monetary policy and persistent high inflation, which could lead to a decline in U.S. real interest rates, benefiting gold [1][1][1] - UBS forecasts that by mid-2026, spot gold prices could reach $3,900 per ounce, continuing to view gold as an effective tool for portfolio diversification and risk hedging [1][1][1] Group 2 - UBS has upgraded its ratings for the Japanese and Indonesian markets from "neutral" to "attractive," citing reasonable upside potential in the Japanese stock market and favorable conditions for the Indonesian market due to new government measures aimed at boosting economic growth [1][1][1] - In the Chinese market, abundant liquidity and accelerated technological innovation have heightened investor sentiment, with UBS believing that there is still room for growth in the Chinese stock market, particularly as household savings flow into the market, leading to potential revaluation in sectors like robotics, with Chinese tech stocks being a top choice [1][1][1]