[UBS Joni Teves: Gold Prices May Surge to $5,000 in the First Half of the Year] Golden Finance reports that as global macroeconomic uncertainty intensifies, the market trends of precious metals and base metals are drawing significant attention. UBS precious metals strategist Joni Teves recently stated in an interview that the core driving force behind the current rise in gold prices is the demand for diversified asset allocation. Institutional investors, retail investors, and central banks worldwide are increasing their gold holdings to address macroeconomic uncertainties. She predicts that gold prices will maintain upward momentum in the first half of the year, and if concerns about the Federal Reserve's independence continue to escalate, gold prices may challenge the $5,000 per ounce mark in the first half. Silver, benefiting from the rise in gold prices and narrowing supply-demand gaps, may challenge $100 per ounce this year. The copper market, driven by energy transition demand, is seeing tighter supply-demand dynamics, with the price center expected to rise. (China Securities Journal)