Core Viewpoint - The current environment for precious metal investment is not suitable for retail investors looking to chase highs or bottom out, as indicated by significant market volatility and consumer hesitance [1] Price Movement - On January 31, international gold prices experienced the largest single-day drop in 40 years, leading to a substantial decrease in domestic gold jewelry prices [1] - In Nanjing's gold market, the price of gold jewelry fell over 200 yuan in two days, reaching around 1500 yuan per gram, marking a recent low [1] Consumer Behavior - Despite the price drop, consumers are exhibiting a strong wait-and-see attitude, with many expressing a desire to hold off on purchases in hopes of further price declines [1] Market Analysis - According to Wang Hui, a teacher at Nanjing University of Finance and Economics, the unique nature of precious metal assets requires a long-term perspective [1] - In the short term, the market is characterized by high volatility and low trust, with intensified bullish and bearish competition following sharp price fluctuations [1] - A potential technical rebound could occur if the Federal Reserve signals a clear interest rate cut, especially in the context of escalating geopolitical conflicts [1]

Core Viewpoint - The high leverage in the precious metals investment market acts as a double-edged sword, amplifying both potential returns and risks, with some platforms orchestrating elaborate scams targeting investors' desire for high returns [1] Group 1: Characteristics of Scam Platforms - Scam platforms often lure investors with promises of high leverage, low entry barriers, and expert guidance, while creating a facade of legitimacy through fake regulatory licenses and professional-looking trading software [1] - The core of the scam lies in the "gambling model," where the platform profits when investors lose, creating a fundamental conflict of interest [1] Group 2: Common Tactics Used by Scam Platforms - Manipulating quotes by intentionally widening spreads at critical price points or creating abnormal price fluctuations [5] - Delaying order execution during volatile market conditions to execute trades at less favorable prices [5] - Creating "system failures" to prevent investors from closing profitable positions [5] - Delaying or refusing withdrawal requests under various pretexts [5] Group 3: Identifying Scam Platforms - Investors should remember that precious metals investments carry high risk, and choosing a strictly regulated platform is the first line of defense for safeguarding funds [4] - Conduct thorough due diligence before investing, avoiding being swayed by promises of high returns [4] - Verify regulatory credentials through authoritative bodies like the UK's FCA, the US's NFA, and Australia's ASIC [5] - Test the withdrawal process with a small amount before making larger deposits to ensure liquidity [5] - Be cautious of any promises of quick wealth through high leverage, as these may indicate a trap [5] - Only download trading software from official app stores and avoid clicking on unknown links [5]