期金破4300美元！从黄金到股票市场，看全球风险偏好再根据股票配（risk）资公司趋势定价

Group 1 - The recent surge in gold prices, surpassing $4300, is driven by a combination of macroeconomic factors, including expectations of interest rate stability and increased demand for safe-haven assets amid economic slowdown and geopolitical risks [2][5] - The global stock market is experiencing a rebalancing of risk preferences, with investors shifting from high-valuation sectors to defensive assets such as banks, energy, and utilities, while still finding opportunities in growth sectors like AI and robotics [3][6] - The relationship between gold and the stock market is evolving, with both potentially rising together due to a combination of liquidity expectations and the need for diversification in investment portfolios [5][8] Group 2 - The A-share market is showing signs of structural differentiation, with stable performance in cyclical, financial, and consumer sectors, while technology growth sectors are experiencing increased volatility [6] - There is a cautious yet active market sentiment, with institutional interest in sectors like computing power, energy, and high-end manufacturing, indicating a shift from emotion-driven to logic-driven investment strategies [6][8] - The recent rise in gold prices reflects a significant revaluation of risk in global markets, highlighting the ongoing changes in macroeconomic variables such as interest rates and monetary policy [5][8]