你准备补仓吗？近期金价银价波动剧烈，深夜跳水现象频发

Core Viewpoint - The market is divided into two camps regarding gold prices: the bearish camp, which holds a pessimistic view and advises against entering the market, and the bullish camp, which is optimistic about long-term trends and sees current adjustments as buying opportunities [1]. Group 1: Bearish Perspective - Gold prices have surged to historical highs, indicating a severe valuation bubble, and a correction is inevitable [2]. - If the Federal Reserve maintains high interest rates and delays rate cuts, the strength of the dollar and U.S. Treasury yields will increase, significantly reducing gold's attractiveness [2]. - Geopolitical conflicts are likely to ease, leading to a gradual decline in risk aversion, which will remove core support factors for gold prices [2]. - Institutions have already taken profits, while retail investors are chasing prices at high levels, making entry at this point akin to catching a falling knife [2]. Group 2: Bullish Perspective - The trend of de-dollarization globally is irreversible, with central banks continuing to purchase large amounts of gold, providing solid long-term demand support [2]. - The weakening of the dollar's credibility and the restructuring of the monetary system will highlight gold's monetary attributes [2]. - Persistent global inflation and geopolitical risks ensure that the rigid demand for gold as a safe-haven asset will not disappear [2]. - The recent price drop is viewed as a short-term fluctuation rather than a trend reversal, with the long-term price center expected to continue rising [2]. Group 3: Short-term Outlook - The upcoming U.S. CPI data will be crucial in determining short-term trends; if inflation remains high, gold prices may continue to face pressure, seeking the next support level around $4,800 [4]. - For ordinary investors, it is advisable to wait for market sentiment to stabilize and for gold prices to regain the $5,000 level before considering entry [4].