Public funds analyze the gold market: Multiple factors drive gold prices higher, and the outlook remains optimistic

From October 7 to 8, the prices of gold futures and spot gold in New York broke through the $4,000 per ounce mark for the first time in history, with a cumulative increase of over 50% this year. This milestone event has prompted a reassessment of the global macroeconomic landscape, asset allocation, and investments in resource stocks. Fund managers interviewed indicated that recent gold price increases are driven by multiple macro factors. In the context of global liquidity easing, precious metal assets are still in a favorable period, and the upward momentum of gold prices may still outweigh the downside risks. However, they also cautioned that after experiencing significant gains, the volatility of gold assets may increase. In the long term, dollar-cost averaging into gold during dips may be a better investment strategy