春节前，你的黄金该留还是卖？

Core Viewpoint - The article discusses the fluctuations in gold prices during the Spring Festival and provides insights on how investors should respond to these changes in the gold market [5]. Group 1: Market Conditions - The Shanghai Gold Exchange will be closed from February 14 to February 23, while the international precious metals market will continue to operate normally [6]. - Recent discussions among investors focus on whether to hold gold during the holiday period [7]. Group 2: Investor Strategies - Investors like Ms. Ma, who purchased gold at lower prices, choose to hold their investments through the holiday, indicating that significant price fluctuations do not impact their decisions [9]. - Ms. Yan plans to sell her gold if prices reach 1200 or 1300 yuan per gram, while she is open to buying more if prices drop below her purchase price of 1058 yuan per gram [10]. - Investor Mr. Li, who bought a gold ETF, experienced a brief profit but is cautious about potential market volatility and is considering selling before the holiday [12]. Group 3: Trading and Repurchase Policies - Several banks and gold jewelry brands have adjusted their repurchase policies, limiting transactions during non-trading days, including weekends and holidays [14][15]. - The Bank of China announced that transactions for gold accumulation will be limited during the holiday, and repurchase services will be suspended [15][16]. Group 4: Expert Recommendations - Experts suggest that ordinary investors should treat gold as a hedge in their asset allocation, keeping their positions between 3% to 5% of total assets and favoring safer investment vehicles like bank gold bars and gold ETFs [21]. - Caution is advised for short-term speculators, as market volatility during the holiday could lead to significant price movements that may not allow for timely exits [22]. - Investors are encouraged to monitor economic data from the U.S. that could impact gold prices and to consider using options to hedge against price fluctuations [25].