金价又新高，直逼4000美元，还能投资吗？

Core Viewpoint - The recent surge in gold prices is attributed to several factors, including expectations of interest rate cuts by the Federal Reserve, increased market risk aversion due to the U.S. government shutdown, and a shift in investor preference towards gold as a reliable asset amidst changing geopolitical conditions [2][4]. Group 1: Gold Price Movement - Gold prices have recently reached new highs, with spot gold hitting $3,945, reflecting a 0.62% increase [1]. - Since August 19, gold prices have shown a strong upward trend, rising nearly 20% from $3,400 to close to $4,000 in less than two months [1]. Group 2: Reasons for Price Surge - The probability of a Federal Reserve interest rate cut in October has exceeded 90%, which is expected to sustain bullish sentiment for gold [2]. - The U.S. government shutdown has heightened market risk aversion, leading to increased investment in gold as a safe-haven asset [2]. - Changing regional dynamics and a lack of trust in the dollar have driven investors towards gold, as it is currently viewed as one of the few reliable assets [2]. Group 3: Investment Considerations - For most investors, the current high gold prices may not present a favorable entry point unless they had previously invested at lower levels [4]. - The lack of clear acceleration in gold price movements suggests caution for those considering new investments at this stage [5]. - Gold is primarily seen as a defensive asset, and investors seeking maximum returns may find better opportunities in the stock market rather than in gold [5].