Recent market allocation strategies have shown some interesting changes. Last week, the focus was mainly on defense and inflation hedging, with gold, silver, and platinum becoming the primary targets—classic safe-haven approaches.

This week, the sentiment has clearly shifted. The emphasis is now leaning toward industrial demand— the rise of AI and energy infrastructure has driven a surge in interest in copper, uranium, and lithium. Meanwhile, metals like aluminum and palladium, which are highly sensitive to economic recovery, have also come into view, as they often reflect the true temperature of the economic cycle.

Geopolitical tensions and energy issues have become underlying hedging tools, with crude oil still holding significant allocation value.

Rather than obsessing over which to choose, it’s better to understand this layered logic— the top layer is for long-term defense and purchasing power preservation, the middle layer aims to seize growth opportunities from AI and industrial upgrades, and the bottom layer is for hedging against commodity cycle fluctuations. This approach ensures capturing growth without sacrificing safety margins.