金价又创新高！黄金还能买吗？金价飞涨的底层逻辑是什么？

Core Viewpoint - Recent surge in gold prices has reached a historic high, with COMEX gold futures exceeding $4000 per ounce, raising questions about the potential for further investment in gold [1][3] Group 1: Factors Driving Gold Price Increase - The primary drivers of the recent gold price increase are threefold: heightened risk aversion due to unstable global economic recovery, revised U.S. employment data, and ongoing geopolitical conflicts [3][6] - The Federal Reserve's interest rate cut of 25 basis points in September has weakened the dollar, making dollar-denominated commodities like gold more valuable [6] - Global central banks are increasing their gold reserves to diversify foreign exchange risks and reduce reliance on dollar assets, providing long-term support for gold prices [6] Group 2: Digital Finance and Gold - The connection between gold and the digital finance world is becoming more pronounced, particularly with Bitcoin being referred to as "digital gold" due to its limited supply and inflation-hedging properties [8] - The rise of Real-World Assets (RWA) tokenization through blockchain technology is enhancing asset liquidity and lowering transaction barriers, making gold investment more accessible and appealing [9] - The current market environment, characterized by concerns over stock and bond markets, is making traditional risk-averse assets like gold more attractive, while innovations like RWA are making gold investment more flexible and digital [11] Group 3: Investment Considerations - While gold prices appear to have an upward trend, it is essential to recognize the differences in volatility between gold and Bitcoin, with Bitcoin exhibiting significantly higher fluctuations [11] - The RWA trend is still in its early stages, with regulatory and technological risks that should not be overlooked [11] - Investors are encouraged to understand the evolving asset landscape and analyze their risk tolerance rather than following market trends blindly [12]