特朗普连续炮轰鲍威尔，资产配置中的黄金地位稳如泰山

Market Overview - A-shares experienced a broad decline, with the ChiNext index dropping significantly after a brief period of resilience [1] - Consumer, technology, and new energy sectors faced sharp declines, while high-dividend stocks also struggled [1] Investment Opportunities - The Red Chip State-Owned Enterprise ETF (510720) showed resilience, rising against the market trend [2] - Investors noted that dividend-paying stocks are appealing during bear markets, highlighting the importance of stable cash flow [2] Gold as a Safe Haven - After a period of volatility, gold is expected to present new allocation opportunities due to global concerns over insufficient safe-haven assets and doubts about the independence of the Federal Reserve [4] - Gold has historically performed well during times of economic uncertainty, with significant price increases observed during past crises [9] Asset Allocation Strategy - A diversified asset strategy demonstrated its effectiveness, with gold acting as a stabilizer during market downturns [4] - The "sandwich principle" for asset allocation suggests maintaining a balanced portfolio that includes high-risk assets, cash flow assets, and gold as a safety net [18][21] Market Sentiment and Federal Reserve Influence - Recent comments from Federal Reserve officials have influenced market expectations regarding interest rate cuts, but gold's response has been muted [10][12] - The ongoing criticism of the Federal Reserve by political figures raises concerns about its independence, which could impact gold prices [12][17] Long-term Perspective on Gold - Gold is viewed as a long-term asset that provides stability rather than a quick profit, emphasizing its role in a well-rounded investment strategy [22] - The historical performance of gold during economic downturns reinforces its value as a protective asset in uncertain times [9][22]