金价剧烈震荡下，新手小白如何进行对实物黄金的投资

Group 1: Market Dynamics - The international spot gold price surged by 1.5% on July 21, 2025, reaching a historic high of $3,400 per ounce, followed by a sharp decline to $3,386 on July 22, indicating a complex market dynamic [1] - Domestic gold jewelry brands saw a price increase of 7-10 yuan per gram, with some stores experiencing a 300% surge in sales on the day of the price spike [1] - As of July 23, the price of gold jewelry from brands like Chow Sang Sang and Lao Feng Xiang showed a mixed trend, reflecting ongoing market volatility [1] Group 2: Demand Drivers - Global physical gold demand showed significant divergence in Q2 2025, with U.S. investors cashing out due to high uncertainty over tariff policies, while Asian markets experienced a 12% increase in demand, particularly a fourfold increase in China's gold ETF holdings [3][4] - The interplay of monetary policy, geopolitical risk, and investment structure transformation is driving the gold market, with central banks globally expected to continue increasing gold reserves [3][4] - The U.S. Federal Reserve's anticipated interest rate cuts and China's central bank's record gold reserves of 73.9 million ounces are key factors supporting gold prices [3] Group 3: Compliance and Technology in Trading - The value of compliance platforms has increased, with Hong Kong's gold exchange reporting a 45% year-on-year growth in trading volume in H1 2025, and AA-class members holding over 70% market share [5] - Strict regulatory requirements for AA-class licenses ensure transaction transparency, while technological advancements allow for rapid market response and risk management [5] - In extreme market conditions, compliant platforms demonstrated superior performance in managing client positions, reducing liquidation risks significantly [5] Group 4: Future of Physical Gold Investment - The gold market is entering a "new normal" characterized by persistent geopolitical risks, long-term central bank purchases, and diversified investment demand [6] - Investors are encouraged to utilize compliant platforms for strategic trading and to create a diversified portfolio that includes both physical gold and derivatives [6] - A significant majority of institutional investors plan to increase their gold allocations in the next two years, potentially reshaping market pricing logic [6]