Himadri Buch Gold may gain another 10-15%, and silver could do even better as a more volatile proxy for gold, said Bhanu Baweja, chief strategist at UBS Investment Bank. In an interview with Himadri Buch, UK-based Baweja also spoke about slowing equity returns in 2026 and the resilience of the US dollar, among other topics. Edited excerpts: What is your assessment of equities in 2026?