金价短期“深蹲”，是上车良机还是劝退信号？

Core Insights - The recent decline in gold prices has led to significant inflows into gold ETFs in China, with a net inflow exceeding 2 billion yuan in just one week [3][4][6] - Despite the drop in gold prices, domestic gold ETFs have seen a continuous increase in shares, indicating that investors are viewing the price correction as a buying opportunity [4][6] - Analysts suggest that while short-term adjustments are expected, the long-term outlook for gold remains positive due to factors such as de-dollarization trends and ongoing central bank purchases [6][7] Market Trends - The international gold price fell sharply, reaching a low of 3,886 USD per ounce, down from a historical high of 4,381 USD per ounce within a week [2][4] - The domestic gold futures market mirrored this decline, with prices hitting a low of 900 CNY per gram [2] - The total increase in shares for the 14 gold ETFs linked to physical gold amounted to 865 million shares, with a total inflow of approximately 39.8 billion yuan over the past month [4][6] Investor Behavior - Many investors are adopting a "buy the dip" strategy, viewing the current price adjustments as an opportunity to accumulate gold [6][7] - The high volatility in gold prices has raised concerns about market overcrowding, prompting some analysts to advise caution in increasing gold allocations [7][8] - Recommendations for investors include a disciplined approach to asset allocation, ensuring that gold holdings remain within predetermined limits to manage portfolio volatility [7][8]