黄金准备暴力上涨！

Core Viewpoint - Gold prices have surged since September, reaching historical highs, with a significant breakthrough above $3,500 and currently stabilizing above $3,800, raising questions about the sustainability of this trend [1] Group 1: Year-to-Date Gold Price Trends - Gold's price increase in early 2023 was primarily driven by its safe-haven attribute due to heightened geopolitical and economic uncertainties following significant policy changes by the U.S. government [2] - The price consolidation in April was attributed to a reduction in risk perception and a shift in market expectations regarding U.S. government policies, leading to a prolonged period of price stabilization [3] - The rise in August was mainly influenced by financial attributes, with market expectations of interest rate cuts following weak employment data, culminating in a breakthrough above the $3,500 resistance level [3] Group 2: Future Outlook for Gold Prices - The current upward trend in gold prices is expected to continue, driven by anticipated interest rate cuts by the Federal Reserve and ongoing gold purchases by global central banks, which provide a solid support base for prices [6] - The systemic rise in potential uncertainties is prompting both central banks and private investors to increase their gold allocations, highlighting gold's value as a counter asset to the U.S. dollar [7] - Research indicates that allocating gold can significantly optimize the risk-return profile of traditional stock and bond portfolios, with specific recommendations for physical gold investment and appropriate allocation ratios for different risk profiles [10]