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90后成黄金投资主力!刘煜辉:此轮黄金牛市目前或许只是开端
Xin Lang Cai Jing·2025-07-04 09:13

Core Viewpoint - The article emphasizes the increasing value of gold as a safe-haven asset amid global economic uncertainties, highlighting its significant price increase since 2025 and the potential for further investment opportunities in gold [1]. Group 1: Gold Market Analysis - Gold has experienced a price increase of over 26.8% since 2025, reaching $3350.2 per ounce, with a peak of over $3500 in April [1]. - Liu Yuhui, a prominent economist, identifies the current phase as the third bull market for gold, which began in 2019, driven by U.S.-China competition across various sectors [1]. - The previous two bull markets were linked to the oil crisis in the 1970s and the globalization period ending in 2011, respectively [1]. Group 2: Investment Insights - Liu Yuhui suggests that while there may be medium-term adjustments following a U.S.-China agreement, the long-term outlook for gold remains positive, potentially surpassing previous bull markets in both magnitude and duration [1]. - Yang Zhenhai from the World Gold Council notes that gold prices are influenced by factors such as U.S. debt levels, Federal Reserve policy expectations, and geopolitical risks, with a long-term annual return rate of approximately 8% [2]. - Central banks have significantly increased gold purchases since 2022, creating new growth opportunities for gold returns [2]. Group 3: Investor Demographics and Behavior - Over 50% of gold investors are from the post-90s generation, who prefer flexible and lightweight investment options, with a significant portion engaging in gold accumulation products [3]. - The peak trading times for this demographic are between 8 PM and 11 PM, aligning with their commuting and leisure hours, indicating a trend towards fragmented financial management [3]. - The top three regions for gold consumption in China are Guangdong, Jiangsu, and Zhejiang, driven by cultural practices and investment behaviors [3]. Group 4: Future Strategies for Gold Investment - JD Finance plans to enhance investor education, develop a comprehensive gold product system, and improve professional services related to gold investment [4][5]. - The focus will be on cultivating risk awareness among investors, creating a diverse range of high-quality gold products, and providing better trading tools and research services [5].