💥Gold prices break the 1000 yuan mark! Should you buy now or wait a bit?

Recently, gold prices have really skyrocketed! The price has actually exceeded 1082 yuan/gram!

Major brands like Chow Tai Fook and Chow Sang Sang have seen gold prices soar to 1185 yuan/gram, an increase of over 20% since the beginning of the year, which is simply outrageous!

😱 Why did gold prices suddenly surge?

1️⃣ High risk aversion: Turmoil in the international situation + expectations of interest rate cuts by the Federal Reserve, gold, as a "safe-haven asset," is being frantically purchased!

2️⃣ Inflation pressure: Global prices are rising, and gold has become a "hard currency" against inflation!

3️⃣ Central banks hoarding gold: The People's Bank of China has increased its gold holdings for 16 consecutive months, and central banks worldwide are buying, buying, buying!

Is it still possible to buy gold now?

✅ Strong investment demand: If it's for value preservation, consider gold bars or gold ETFs, which are more cost-effective than gold jewelry (lower resale price difference).

❌ Wedding/decorative demand: If it's not a necessity, it's advisable to wait and see! After all, gold prices are already at an all-time high, and there may be short-term adjustment risks!

How can ordinary people buy gold more cost-effectively?

🔸 "Bank accumulation gold": Low entry barrier, can be invested regularly, suitable for beginners.

🔸 Gold ETFs: Strong liquidity, suitable for short-term investors.

🔸 Lightweight jewelry under 5 grams: If you must buy jewelry, choose lightweight styles under 5 grams to reduce risk!

My suggestions:

💡 Don't blindly chase high prices! Gold prices are at a high level, with large short-term fluctuations; don't be misled by the "buy more as it rises" mentality!

💡 Long-term allocation is fine, but be cautious with short-term speculation! Gold is suitable as part of an asset portfolio, but don't go all in!

Have you bought gold recently? Do you think it will rise further? Let's chat in the comments!👇