Galaxy Securities: Intensifying geopolitical conflicts may strengthen the revaluation of key strategic metal prices.

Galaxy Securities pointed out that the escalation of global geopolitical conflicts is expected to continue to support the logic of rising prices for key strategic non-ferrous metals such as copper, tungsten, molybdenum, cobalt, and rare earth magnetic materials. In addition, the momentum of the US labor market has significantly weakened, which may increase the market's current expectation of two interest rate cuts by the Federal Reserve in 2026. After the completion of the annual rebalancing of the Bloomberg Commodity Index, gold and silver are expected to return to an upward trend.