央行连续第12个月增持，黄金还可以上车吗？

Market Review - The equity market saw most major indices rise last week, with the Shanghai Composite Index leading at an increase of 1.08% [4][5] - The bond market experienced a slight increase in long and short-term interest rates, with the 10-year government bond rising by 1.88 basis points to 1.814% [8][10] - The fund market showed mixed results, with the equity fund index rising by 0.06% and the secondary bond fund index increasing by 0.12% [15][16] Equity Product Allocation Strategy - Event-driven strategies include focusing on funds related to carbon neutrality initiatives, such as Industrial Bank Eco-Environment A and Harvest New Energy Vehicle Leaders A [18] - The central bank's continuous gold purchases over the past 12 months suggest a favorable environment for gold-related investments, with funds like Huaan Gold ETF and Harvest Gold [18][20] - The overall asset allocation strategy emphasizes a balanced core and a barbell strategy, focusing on dividend and technology sectors [21][22] Stable Product Allocation Strategy - Recent market analysis indicates a net withdrawal of 15,722 billion yuan by the central bank, maintaining a balanced funding environment [25] - October export data showed a year-on-year decline of 1.1%, while CPI turned positive for the first time this year, indicating potential effects of domestic demand policies [26] - Key products to focus on include short-term bond funds like Nord Short Bond A and Guotai Li'an Medium and Short Bond A [31]