Whether the year brings soft‑landing reflation or late‑cycle slowdown, gold remains one of the few assets well‑positioned to benefit under both outcomes.
The investment story is pivoting from troubled property to green tech, advanced manufacturing, and AI—where global capital sees structural growth despite macro risks.
From AI-driven capex and service digitalisation to a weaker US dollar and stronger domestic markets, investors see emerging Asia, selective European value, and high‑quality franchises as the main winners in a fragmented global equity landscape.