International investment banks are optimistic about the continued rise in gold prices, and Chinese gold stocks may benefit.

Foreign media: UBS and Schroders both remain optimistic about the continued rise in gold prices, believing that Chinese gold stocks are expected to benefit.

UBS expects gold to hold the level of $4,200 per ounce over the next 12 months, and could even reach $4,700 if geopolitical and financial market risks increase. Schroders pointed out that central bank gold purchases and rising debt in major economies will support gold prices.

Gold has strong demand due to global debt concerns, political uncertainty, and a relaxed Federal Reserve policy, and is viewed by UBS as an effective portfolio diversification tool and hedge asset.

Original article: www.toutiao.com/article/1848553384778764/

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