CITIC Construction Investment Huang Wentao: 2026 is still an opportunity for gold, gold and silver are long-term investment opportunities

According to Dr. Huang Wentao, Director of the Research Institute of CITIC Construction Investment Securities, in his New Year message for the Year of the Horse in 2026, he believes that in terms of commodities, 2026 will still be an opportunity for gold, and gold and silver represent long-term investment opportunities. Recently, there have been significant fluctuations in gold prices, but one should not be disturbed by short-term volatility. The rising logic for gold and silver this time is different from the previous framework. The previous framework was driven by changes in interest rates, dollar pricing, and risk aversion logic, but the price increases over the past year or two have not been driven by these logics, but rather by geopolitical logic. Many central banks, institutions, and investors around the world are increasing their holdings of gold and silver, which also reflects concerns about geopolitical issues, the growth of debt levels, and the weaponization of the dollar. (Securities Times)