金价再创历史新高！还能继续持有吗？

Core Viewpoint - Recent surge in gold prices, with London spot gold surpassing $3500 per ounce and COMEX gold futures reaching $3599.5 per ounce, marking historical highs [1][2] Group 1: Price Movement and Trends - Gold prices have increased by 5% since August, achieving the best performance since April [1] - Year-to-date, COMEX gold has risen by 36% [1] - After a four-month period of consolidation, gold prices resumed their upward trend in late August, breaking previous highs [2] Group 2: Influencing Factors - The primary driver of the recent gold price increase is the changing expectations regarding the Federal Reserve's monetary policy, with a 90% probability of a rate cut in September [3] - Concerns over the independence of the Federal Reserve have led to increased demand for gold as a safe-haven asset [4] - Global geopolitical instability has also contributed to the rising demand for gold [5] Group 3: Long-term Outlook - The structural weakening of the U.S. dollar credit system, exacerbated by rising government debt, is expected to support gold's long-term value [6] - As of August 12, U.S. national debt exceeded $37 trillion, significantly outpacing previous forecasts [6] - Central banks, including China's, are increasing their gold reserves, indicating a sustained bullish outlook for gold [7] Group 4: Investment Vehicles - Investors interested in gold can consider the Gold ETF (518800), which directly corresponds to physical gold holdings [8] - The Gold ETF has seen significant inflows, with its scale exceeding $17.2 billion and growing by nearly $10 billion this year [9]