Huaxia Fund: There are still good opportunities for gold allocation.

The relevant persons from Huaxin Fund judged that looking forward, the Federal Reserve is still in a big cycle of interest rate cuts, and the pace of interest rate cuts by the Federal Reserve may be more aggressive, which is expected to benefit gold. In addition to being in a loose monetary environment, the United States is also in a loose fiscal phase, with credit risks continuing under the pressure of US debt repayment and interest payment. Global central banks continue to buy gold to diversify their foreign exchange reserves. In the trend of both loose monetary and fiscal policies, the long-term value of gold allocation is still favored.