UBS Wealth Management's latest report for the second half of 2024 highlights gold as the most preferred asset for geopolitical hedging and portfolio diversification.

The report underscores the importance of diversified portfolios across various assets, regions, and sectors amid ongoing political uncertainties and U.S. election debates.

UBS recommends investors prepare for lower interest rates and changing political landscapes by balancing investments in fixed income, equities, and alternative assets.

The report also emphasizes the robust market performance in the first half of 2024, driven by factors such as Artificial Intelligence (AI) investments, which have significantly influenced market dynamics.

UBS suggests strategic investments in AI, particularly focusing on key technology leaders like NVIDIA, which has seen a substantial 150% year-to-date surge.