现货黄金，冲破4000美元/盎司！

Core Viewpoint - Spot gold has surpassed $4000 per ounce for the first time in history, with a cumulative increase of over 52% this year, indicating strong demand and market dynamics [1] Group 1: Gold Market Dynamics - On October 8, spot gold reached a high of $4014.49 per ounce, reflecting significant market activity [1] - Domestic gold jewelry prices have also risen, with Chow Tai Fook's gold jewelry price increasing by 7 yuan per gram to 1162 yuan per gram [1] - The rise in gold prices is attributed to its dual attributes of financial and safe-haven assets, influenced by real interest rates and geopolitical uncertainties [1] Group 2: Investment Strategies - Research indicates that allocating gold can significantly optimize the risk-return profile of traditional stock-bond portfolios [2] - It is recommended to focus on physical gold investments, such as bank gold bars and coins, to leverage gold's long-term upward potential while managing trading impulses [2] - Optimal allocation ranges for gold based on risk profiles are suggested: 1%-2% for low-risk, 10%-17% for medium-risk, and 38%-40% for high-risk investors, which historically enhance the Sharpe ratio of portfolios [2] - Investors are encouraged to utilize indirect leverage through gold stocks to amplify returns in a bull market while maintaining risk control [2]