格隆汇1月5日｜Scope Markets首席市场分析师Joshua Mahony在报告中指出，美方周末抓获委内瑞拉总 统并计划接管该国石油行业的举动，显著推升了地缘政治紧张局势及市场波动风险。Mahony表示："特 朗普对委内瑞拉资源的觊觎，向投资美国资产的国家发出了额外的风险信号。他已经亮出了底牌——只 要他认为具有战略重要性，他同样会对比邻国家采取军事行动。"他进一步指出，由于全球稳定性面临 可预见的风险，黄金和白银等避险资产的需求正在上升。 ...

Core Viewpoint - The global order is shifting from a US-led system to a more fragmented world, leading to sustained inflationary pressures, higher interest rates, a weaker dollar, record-high gold prices, and increased demand for safe-haven assets in the coming years [1] Inflation and Interest Rates - The chief macro strategist at Singapore's OCBC Bank, Mansoor Mohi-uddin, indicates that inflation will remain elevated for the next five to ten years due to the changing global dynamics [1] - The US core inflation rate has been above the Federal Reserve's 2% target for five consecutive years since the pandemic began [1] Currency and Asset Trends - A weaker dollar is anticipated as part of the global economic transition [1] - There is an expectation for gold prices to reach new highs, reflecting the increased demand for safe-haven assets [1] Government Policies Impact - Increased defense spending and tariff policies under the Trump administration are likely to contribute to sustained inflation above the Federal Reserve's target for the remainder of the decade [1]