Fubon expects China to have a resource warfare advantage, with gold prices likely to break $5,000 and Hong Kong stocks testing 30,000 points

Fubon Bank (Hong Kong) Vice President Pan Guoguang predicts that due to geopolitical turmoil, gold prices are expected to break through USD 5,000 per ounce by mid-year, while silver may exceed USD 100. The Hong Kong stock market is expected to test 30,000 points, benefiting from the expansion of fiscal deficits in the US, Europe, and Japan, as well as the stability of the Renminbi. He pointed out that China has an advantage in the resource war, with the central bank continuously purchasing gold, and the demand for key minerals driven by AI and new energy. The Hong Kong interest rate is expected to be in the range of 2.35% to 2.5% by the end of the year, and the S&P 500 index is expected to achieve a single-digit increase