Chen Li, from Chuancai Securities: Gold undergoes short-term technical correction, long-term investment logic remains unchanged.

Chen Li, chief economist and director of the Research Institute of Chuancai Securities, recently stated in an interview with reporters that if the market interprets the signal from the Federal Reserve as limited space for future rate cuts, the gold price may face significant downward pressure. Regarding the fluctuations in the gold price since October, Chen Li believes that this round of adjustment is more of a technical correction after a rapid rise in the previous period, rather than a trend reversal. In his view, gold is still a category worth allocating in overall asset allocation, but its role should be risk hedging and long-term preservation of value, rather than short-term speculation. For ordinary investors, he suggests controlling the allocation weight of gold and related assets between 5% and 10% of total assets.