金价再跳水！分析师：可采取金字塔式策略分批定投式买入

Core Viewpoint - The international gold price has been declining due to increasing optimism in international trade and a decrease in geopolitical risks, which have alleviated deeper economic concerns and offset the factors that typically boost safe-haven demand [1]. Gold Price Movement - As of May 15, the spot gold price fell below $3,150 per ounce, closing at $3,146.21 per ounce, marking a new low since April 15; futures gold also declined to $3,150 per ounce [3]. Domestic Gold Jewelry Prices - Major domestic gold jewelry brands have seen price drops exceeding 15%. For instance, Chow Tai Fook's price fell by 16% to 976 RMB per gram, while Chow Sang Sang dropped 17% to 975 RMB per gram [5]. Market Analysis - The recent volatility in gold prices is attributed to breakthroughs in US-China tariff negotiations, which have reduced expectations for safe-haven demand. Additionally, fluctuating expectations regarding Federal Reserve interest rate cuts and a strengthening US dollar have put pressure on gold prices [5]. - From a technical perspective, the recent price correction is seen as a normal adjustment after gold prices broke through $3,500 per ounce, with long-term fundamentals remaining intact due to factors like continuous purchases by the People's Bank of China and structural challenges in the US dollar credit system [6]. Investor Sentiment - The significant fluctuations in gold prices have led to increased caution among investors. Several banks have issued warnings about the risks of using credit cards for gold trading, emphasizing strict controls on such activities [7]. - It is suggested that the current price correction presents a strategic opportunity for investors to allocate to gold. Historical patterns indicate that gold prices often find short-term support after corrections of over 10%. The current price around $3,160 is close to predicted bottom levels by institutions [7].