光大证券：现货黄金明年目标价4950美元

Core Viewpoint - The market is gradually digesting tariff policy news and shifting focus to U.S. employment data and interest rate cuts, alongside the growth potential of the AI sector [1] Group 1: Market Trends - Gold has emerged as a prominent asset this year, with a return rate of at least 50% from the beginning of the year to date [1] - The target price for spot gold is projected to reach $4,950 per ounce by 2026 [1] Group 2: Investment Strategies - A slight rebound in the U.S. dollar index is anticipated, suggesting that investors may consider Asian bonds for stable interest rates [1] - There is an opportunity to accumulate renminbi at lower levels to achieve a balanced investment approach [1]