Gold reaches new highs. What does this mean for other assets?

The new high in spot gold does not necessarily mean that other assets will decline, but it often indicates that the market is readjusting risk weights.
When gold strengthens, it usually signifies:
* Greater emphasis on safety margins
* Increased pricing of long-term uncertainties
* More scrutiny of overvalued assets
This could lead to structural differentiation in the stock market and cryptocurrencies, rather than a broad correction. Assets with strong fundamentals and low leverage are more likely to be preserved in this environment.
From an asset allocation perspective, gold is not an "all substitute," but rather a "hedge for everything." Its strength is a reminder, not a warning.
📌 Do you think this gold rally is more like the middle of a trend or nearing the end? Feel free to share your judgment. #现货黄金再创新高