这个资产创新高后，依然值得配置，因为它和沪深300是绝配！

Core Viewpoint - The article emphasizes the recent surge in gold prices, driven by market expectations of interest rate cuts by the Federal Reserve and concerns over its independence, making gold an attractive investment option for risk-averse investors [1][11]. Group 1: Gold Market Dynamics - Gold prices have recently surpassed $3600 per ounce, marking a new historical high after a four-month period of stagnation [1]. - The rise in gold prices is attributed to two main factors: the upcoming Federal Reserve meeting and President Trump's criticism of the Fed, which has raised concerns about its independence [1][11]. Group 2: Investment Performance of Gold - Historical data indicates that gold is a high-quality asset worth allocating to, with a 77% probability of profit over the past 13 years, and an annualized return close to 9% [2]. - The performance of a specific gold ETF, Huawei Gold ETF Link A, shows a total return of +178.74% since inception, outperforming the CSI 300 index, which returned +96.35% [3][6]. Group 3: Gold and A-Share Market Correlation - Gold and the CSI 300 index have only experienced simultaneous declines in two out of the last 13 years, indicating a low correlation of 0.07, which is beneficial for diversification [4][9]. - In years when the A-share market declined, gold prices generally increased, providing a hedge against losses in equities [5][9]. Group 4: Benefits of Diversified Asset Allocation - Diversifying investments between gold and A-shares allows investors to benefit from both asset classes without the need for market timing, reducing anxiety and enhancing long-term returns [7][9]. - The strategy of holding a mix of low-correlation assets like gold and A-shares can help mitigate risks and provide steady returns over time [9][10]. Group 5: Central Bank Influence on Gold Prices - Central banks play a crucial role in determining gold prices through their purchasing behaviors, with ongoing increases in gold reserves observed globally [13][14]. - China's central bank, for instance, has over 2300 tons of gold reserves, which is significantly lower than the global average, suggesting potential for future increases in gold holdings [14][15].