Liu Dongbo, an analyst at SDIC Futures, believes that US debt expansion and the de-dollarization process are long-term factors supporting gold. Against the backdrop of anti-globalization and de-dollarization trends, gold is an important choice to hedge against currency depreciation and systemic risks, and is also an important strategic allocation tool in the financial system. Compared to historical market conditions, there is still room for improvement in gold prices. However, macroeconomic differences will amplify expectations that gold will fluctuate at historically high levels, a soft economic landing, and geopolitical conflict will cool down, and the transition of capital from safe-haven assets to risky assets may weaken the upward movement of gold prices. The current valuation system for silver focuses on financial attributes, value analysis, and uses gold as a yardstick to measure the rationality of the valuation of silver through the ratio between the price of gold and silver. A reasonable standard valuation of gold and silver is less than 50, corresponding to a reasonable silver price of 20,000 yuan when the price of gold does not change.

Liu Dongbo, an analyst at SDIC Futures, believes that US debt expansion and the de-dollarization process are long-term factors supporting gold. Against the backdrop of anti-globalization and de-dollarization trends, gold is an important choice to hedge against currency depreciation and systemic risks, and is also an important strategic allocation tool in the financial system. Compared to historical market conditions, there is still room for improvement in gold prices. However, macroeconomic differences will amplify expectations that gold will fluctuate at historically high levels, a soft economic landing, and geopolitical conflict will cool down, and the transition of capital from safe-haven assets to risky assets may weaken the upward movement of gold prices. The current valuation system for silver focuses on financial attributes, value analysis, and uses gold as a yardstick to measure the rationality of the valuation of silver through the ratio between the price of gold and silver. A reasonable standard valuation of gold and silver is less than 50, corresponding to a reasonable silver price of 20,000 yuan when the price of gold does not change.