瑞银警示明年或面临四大风险，持续看好黄金为避险工具

Core Insights - AI is expected to remain a major market driver in 2024, but investors should be cautious of potential bubble risks [1] - By the end of 2026, global stock markets are projected to rise by approximately 15% due to favorable financial conditions supporting economic growth [1] Risk Factors - Four significant risks are anticipated by 2026: slower-than-expected AI adoption, resurgence of inflation, deepening US-China strategic competition, and the re-emergence of sovereign or private sector debt issues [1] - The expectation of US interest rate cuts is likely to suppress the dollar, while gold is viewed as a continued safe-haven asset [1]