“新兴市场教父”拒绝追高黄金：只有跌20%才考虑买入

Group 1 - Mark Mobius, a seasoned investor known as the "father of emerging markets," believes that gold has lost its appeal after a historic surge, warning that a potential rebound in the dollar could suppress gold prices [1] - Mobius stated he would only consider investing in gold if prices drop by 20% from current levels, citing economic forecasts that suggest a reversal in the U.S. economy could strengthen the dollar [1] - Despite Mobius's cautious outlook, gold recently experienced its best year since 1979, driven by central bank purchases, declining interest rates, and concerns over high debt levels leading investors to flee from government bonds and fiat currencies [1] Group 2 - Mobius highlighted that China, India, South Korea, and Taiwan are the most favored stock markets among global investors, with China's stock market showing sustainable upward momentum due to advancements in technology [2] - He remains optimistic about the Indian stock market, attributing this to increased government spending and investment, particularly in the technology sector [2] - Recent economic data from the U.S. has suppressed market expectations for short-term interest rate cuts, contributing to a decline in gold prices as geopolitical tensions ease [2] Group 3 - A stronger dollar makes dollar-denominated precious metals more expensive for overseas buyers, while gold, as a non-yielding asset, benefits from a low-interest-rate environment [3] - The SPDR Gold Trust reported a slight increase in gold holdings, reaching 1,074.80 tons, the highest level in over three and a half years [3] - Indian gold demand remains weak due to high prices, while Chinese demand is stable ahead of the Lunar New Year, with spot gold trading at a premium [3]