业内人士：黄金正处新一轮周期起点

Core Viewpoint - International gold prices reached new highs last week, driving the performance of gold stocks and increasing the scale of gold ETFs in 2023 [1] Group 1: Market Dynamics - The uncertainty in the global macro environment has enhanced the allocation value of gold [1] - Funds are rapidly entering the market through ETFs and other tools, leading to continuous expansion of related products and extending the "windfall" to related sectors of the industry [1] Group 2: Strategic Positioning - Under the backdrop of de-dollarization and a surge in central bank gold purchases, the strategic importance of gold is becoming increasingly prominent [1] - Coupled with expectations of interest rate cuts and high debt risks, gold is at the beginning of a new cycle, further enhancing its function as a long-term safe-haven asset [1]