Doo Financial｜通胀起伏下，黄金能否重塑价格中枢？投资者需关注三大逻辑

Group 1 - The core viewpoint is that the Federal Reserve's monetary policy nearing a turning point has made gold a focal asset, with its price fluctuations closely tied to the Fed's interest rate cycles and the strength of the dollar [1][3]. - Gold has become an essential "safety net" in global capital allocation due to the combination of global liquidity cycles and geopolitical risks, especially in the context of persistent inflation above target levels [3]. - The expectation of a potential shift to a rate-cutting cycle by the Federal Reserve could lead to a decline in real interest rates, thereby enhancing gold's allocation value [3]. Group 2 - Gold prices are influenced not only by Federal Reserve policies but also by the dollar index, adjustments in global central bank reserves, and the frequency of risk events, indicating a multi-faceted driving force behind gold's market dynamics [3]. - In the medium to long term, if global economic growth slows and investor risk aversion increases, gold is likely to continue serving as a store of value and a hedge against risks [3]. - Investors should consider macroeconomic conditions and market sentiment when evaluating gold's potential for entering a new bull market, as trading logic during policy shifts resembles a game of expectations [3][5]. Group 3 - The turning point in Federal Reserve policy has indeed ignited new possibilities for gold's market outlook, but opportunities and risks coexist [5]. - For investors seeking stable allocations in uncertain environments, combining gold's hedging attributes with multi-asset hedging functions is a reasonable strategy [5]. - The company, Doo Financial, offers cross-asset allocation and macro market research support to help investors navigate between expectations of a gold bull market and global market volatility [5].