UBS(US:UBS) Zhi Tong Cai Jing·2026-01-07 07:12Group 1 - UBS has raised its gold price forecast for the first three quarters of 2026 to $5000 per ounce, citing factors such as central bank purchases, expanding fiscal deficits, declining U.S. interest rates, and ongoing geopolitical risks [1] - The bank expects gold prices to drop to $4800 per ounce by the end of 2026, which is $500 higher than the previous forecast of $4300 [1] - UBS predicts that commodities will play a more significant role in investment portfolios by 2026, with notable investment opportunities in copper, aluminum, and agriculture, while gold remains a valuable diversification option [1] Group 2 - The demand for safe-haven assets has increased due to the recent U.S. military intervention in Venezuela, according to analysts [2] - The U.S. manufacturing index for December has dropped to its lowest point in 14 months, which may impact market sentiment [2] - Gold futures for January delivery rose by 1% to $4482.20 per ounce, marking the highest settlement price since December 26, while silver futures surged by 5.7% to $80.53 per ounce, reaching a new high [2]