金价如坐“过山车”！普通人要想投资黄金，这5点很关键

Group 1 - Recent fluctuations in international gold prices have been significant, with the worst week since November last year recorded recently [2] - On May 12, spot gold dropped by 2.73%, with an intraday loss of up to $118 per ounce, and further declines were noted on May 14 and May 17 [2] - On May 19, gold prices rebounded, rising over 1% to surpass $3230 per ounce, attributed to renewed global risk aversion [5] Group 2 - The decline in gold prices was primarily due to a decrease in global risk aversion, impacting gold as a traditional safe-haven asset [5][6] - Factors contributing to the recent rise in gold prices include renewed tensions in the U.S.-China trade war and a downgrade of the U.S. credit rating by Moody's, which heightened market concerns [6][8] - Gold pricing is influenced by multiple factors, including its safe-haven attribute, financial characteristics, commodity supply and demand, and its monetary properties [8][9][17] Group 3 - The safe-haven attribute of gold becomes prominent during extreme risk scenarios, making it a preferred asset during financial crises [8] - Gold's financial attributes are closely linked to real interest rates, with a negative correlation observed between gold prices and real interest rates from 2000 to 2021 [9][12] - The commodity aspect of gold is driven by supply and demand dynamics, with jewelry, technology, and central bank purchases being significant demand contributors [14] Group 4 - Gold retains some monetary properties, acting as a substitute for mainstream currencies during periods of credit system instability [17] - Investment strategies for ordinary investors include recognizing gold's role as a risk management tool, employing dollar-cost averaging, and avoiding high-risk strategies like futures trading [18][20] - Investors are advised to maintain a diversified asset allocation, with gold typically comprising 10%-15% of their portfolio [18][22]