Precious metal pricing is rooted in the macro cycle, and the Federal Reserve policy, real interest rates and central bank gold purchases together form the underlying driving force. This article analyzes the core-satellite allocation idea: core positions are used for medium and long-term risk hedging, satellite positions capture macro event band opportunities, and explain the practical difficulties of converting macro judgments into allocation actions. Platform product coverage, conditional orders, position boards and margin warnings support rebalancing. It emphasizes the importance of dynamically adjusting the proportion of precious metals and risk management and control, and helps traders implement macro judgments into account operations.