Core Viewpoint - The current high gold prices present both opportunities and risks for investors, influenced by global economic uncertainty, geopolitical conflicts, and inflation expectations [1]. Current Gold Price Situation - As of October 14, 2025, international spot gold prices have surpassed $4,150 per ounce, marking a nearly 1% daily increase and over $1,500 increase year-to-date, reflecting a 56% annual rise. Domestic gold prices have also reached a historical high of 930 CNY per gram, with a daily increase exceeding 20 CNY [1]. Suitable Purchase Conditions - Long-term value preservation needs indicate that gold still holds allocation value even at high prices. Historical data shows gold's resilience during economic downturns, currency devaluation, or geopolitical crises [4]. - The current market trend suggests that if gold prices maintain above $4,100, the next target could be in the $4,170-$4,200 range, making it a potential buy for investors expecting continued upward momentum [4]. - Gold's low correlation with stocks and bonds can reduce portfolio volatility, as evidenced by the contrasting performance of the A-share market and gold on October 14, 2025 [4]. Unsuitable Purchase Conditions - Short-term speculative needs are not advisable due to the RSI indicator exceeding 80, indicating potential overbought conditions and the risk of price corrections [4]. - High liquidity needs may be problematic as the cost of liquidating gold is relatively high, which could impact returns for frequent traders [4]. - Investors with low risk tolerance should consider indirect investment methods like gold ETFs or accumulation gold services to mitigate exposure to price volatility [4]. Operational Recommendations - Gradual buying strategy: Divide funds into 3-5 portions and buy on price corrections to minimize timing risks [4]. - Long-term holding: For investment horizons exceeding three years, focus on global economic recovery and central bank policy shifts [4]. - Alternative tools: Gold ETFs offer high liquidity and low transaction costs, while accumulation gold services can smooth out costs for regular investors [4].