Core Insights - The essence of gold trading is not merely price speculation but a deeper contest of global confidence, where gold serves as a safe haven during economic uncertainty and may face selling pressure when confidence in the economy and the Federal Reserve's interest rate policies is high [1] Group 1: Trading Philosophy - Successful trading requires maintaining rationality during market panic and exercising restraint during periods of greed, rather than merely predicting price movements [1] - A shift in trading mindset from seeking to predict every market movement to focusing on risk management and emotional control is crucial for achieving profitability [3][5] Group 2: Market Dynamics - The true barriers to entry in gold trading lie in the ability to exercise patience rather than in complex technical analysis [4] - The relationship between the U.S. dollar and gold is characterized by a negative correlation, where a strong dollar typically pressures gold prices, while a weak dollar supports them [6] - Real interest rates significantly impact gold prices; lower real rates reduce the opportunity cost of holding gold, leading to price increases, while higher real rates exert downward pressure [6] Group 3: Trading Strategies - Adhering to strict trading rules, such as limiting risk exposure to 2% of account funds and pausing trading after consecutive losses, can help avoid emotional trading pitfalls [5] - Observing market trends without rushing into trades can lead to better decision-making and reduced errors, emphasizing that long-term profitability is achieved by minimizing mistakes rather than maximizing opportunities [7] Group 4: Company Overview - Hong Kong First Gold, regulated by the Hong Kong Gold and Silver Exchange Society, provides a transparent and secure trading environment for global investors, offering professional training and stable trading systems to support both novice and experienced traders [7]

Domestic Gold Market - Domestic gold prices have stopped rising, with some stores reporting price declines. For instance, Chow Sang Sang's gold price dropped by 3 yuan per gram to 1059 yuan per gram, which is 1 yuan lower than the highest price today [1] - The price difference between the highest and lowest gold stores has narrowed to 70 yuan. Shanghai China Gold remains the lowest priced at 989 yuan per gram [1] - The latest gold prices from various brands are as follows: Lao Miao (1053 yuan, down 4), Liu Fu (1060 yuan, unchanged), Chow Tai Fook (1060 yuan, unchanged), and others [1] Platinum Prices - Platinum prices have also seen a significant drop, with Chow Tai Fook's platinum jewelry price decreasing by 17 yuan per gram to 558 yuan per gram [1] Gold Recycling Prices - The gold recycling price has increased by 4.6 yuan per gram, with significant price differences among brands. For example, the recycling price for gold is 802.20 yuan per gram, while Lao Feng Xiang offers 815.00 yuan per gram [2] International Gold Market - The spot gold price experienced a decline, reaching a low of 3510.89 USD per ounce before recovering to close at 3545.53 USD per ounce, reflecting a decrease of 0.38% [4] - As of the latest update, spot gold is trading at 3557.00 USD per ounce, showing an increase of 0.32% [4] - The recent drop in gold prices is attributed to profit-taking by investors after a seven-day rally and the anticipation of upcoming non-farm payroll data [4] - Market analysts suggest that the upcoming U.S. non-farm employment data will significantly influence precious metal prices, particularly if it alters expectations regarding interest rate paths [4] Future Outlook - The overall sentiment indicates that spot gold still has potential for further increases, with investors awaiting more economic data, including the U.S. unemployment rate for August [5]

Group 1 - Gold prices have reached a new historical high, with the gold ETF (518800) rising over 1.4% [1] - Morgan Stanley has raised its year-end gold price target to $3,800 per ounce, emphasizing the negative correlation between gold and the US dollar as a core pricing logic [1] - Historical data indicates that gold and silver typically see significant increases within two months following the start of a Federal Reserve rate cut cycle, providing important reference for the current market [1] Group 2 - The gold ETF (518800) closely tracks gold price movements, with one unit of the ETF corresponding to 1 gram of gold, serving as a holding certificate for physical gold [1] - The ETF offers T+0 trading and has good liquidity in the market [1]