Group 1 - The core viewpoint of the article highlights the volatility of gold prices, reflecting deeper global economic uncertainties, with a significant drop from a historical high of $2431 per ounce to $2320 in May 2024 [1] - The fluctuations in gold prices are driven by three main forces: the interplay between safe-haven demand and policy expectations, the ongoing central bank gold purchases, and strong support from Asian consumer markets [3] - Central banks have been diversifying their foreign exchange reserves by increasing gold holdings, with global central bank gold reserves reaching 15% in 2023, the highest in 30 years [5] Group 2 - The volatility of gold serves as a reflection of global economic uncertainty, with the International Monetary Fund predicting global debt to exceed $307 trillion in 2024, and inflation remaining above policy targets in major economies [7] - Gold's three key attributes are emphasized: it acts as a "mirror" for confidence in fiat currencies, a thermometer for inflation expectations, and a stabilizer for asset allocation during stock market volatility [7] - Ordinary investors are advised to avoid chasing prices, control their position sizes, and choose appropriate investment tools, with a recommended allocation of 5%-15% of liquid assets to gold [10]