黄金，全球首个超30万亿美元资产

Core Insights - Gold has reached a total market capitalization of over $30 trillion, becoming the first global asset to surpass this milestone [2][3] - The recent surge in gold prices has led to significant increases in domestic gold jewelry prices, with some brands seeing daily increases of up to 36 yuan per gram [1] Market Performance - On October 16, gold prices rose by 2.85% to $4,326.48 per ounce, while COMEX gold futures increased by 3.4% to $4,344.3 per ounce [1] - The current market cap of gold is approximately $30.469 trillion, significantly higher than other major assets like NVIDIA and Microsoft [3] Investor Sentiment - A recent Bank of America survey indicated that 43% of investors view "going long on gold" as the most crowded trade, surpassing the 39% for "long on US tech giants" [5] - Despite this sentiment, many fund managers have low gold positions, with 39% reporting near-zero exposure, suggesting potential for further investment [5] Market Drivers - The primary drivers for the influx of capital into gold include the dovish stance of the Federal Reserve and rising geopolitical risks, such as increased tariffs from the US government [5] - Goldman Sachs has raised its gold price target for the end of 2026 to $4,900 per ounce, reflecting a bullish outlook on gold [5] Investment Strategies - Experts recommend dollar-cost averaging as a prudent strategy for ordinary investors to mitigate risks associated with gold price volatility [7] - The strategy of regular, fixed investments in gold can help smooth costs and reduce the risk of making poor timing decisions [7]