Core Viewpoint - UBS strategists highlight that gold prices have rebounded sharply since a significant drop at the end of October, reinforcing its position as one of the strongest-performing assets of the year [1] Group 1: Factors Supporting Gold Price Increase - The recent surge in gold prices is attributed to a new wave of geopolitical unrest, which underscores gold's role as a safe-haven asset [1] - Changes in the U.S. interest rate environment have led to real interest rates falling to their lowest level since mid-2022, with market expectations for rate cuts supporting gold prices and increasing the willingness to allocate to precious metals [1] - Central banks and investors continue to engage in substantial buying, with demand for gold nearing historical highs; UBS estimates that global central bank gold purchases will reach between 900 to 950 metric tons this year [1]
瑞银：三因素支撑金价，今年央行或购900 - 950公吨
Sou Hu Cai Jing·2025-12-23 05:27