[World Gold Council: Gold holdings remain low, but caution is needed regarding overvaluation and macro risks] Odaily Planet Daily News – The World Gold Council pointed out that the significant gap between confidence in economic prospects and uncertainty in economic policies is one of the key reasons why gold performed best over the past year and has continued to perform well this year. Although there may be concerns about gold being overbought, which could make it difficult to find buyers willing to make small-scale investments, strategically speaking, gold holdings remain low. Currently, the core issue investors face is how to reasonably allocate their portfolios between market outlook certainty and policy uncertainty. Indeed, investors can and should recognize the monetary and fundamental factors driving market growth—especially with more easing policies expected to be introduced in 2026. However, overvaluation and persistent macro risks require cautious handling, highlighting the necessity of diversified investment portfolios. Given the ongoing impact of geopolitical shifts and changes in U.S. policies on asset allocation, we believe attention should be paid to high-quality assets, such as gold. (Jin10)