有色ETF基金(159880)涨超3.2%，机构：金价持续新高，关注战略小金属投资机会

Group 1 - The core viewpoint is that the non-ferrous metal industry index has shown strong performance, with significant increases in key stocks such as Hunan Gold and Luoyang Molybdenum, driven by easing market sentiment following the U.S. government's exemption of certain electronic products from tariffs [1][2] - The non-ferrous metal ETF has experienced a 3.20% increase, marking its fifth consecutive rise, with the latest price reported at 1.06 yuan [1] - HSBC believes that concerns over a global recession have been overstated, and as fears ease, there will be a rebound in copper and aluminum prices, supported by potential new stimulus policies in China [1] Group 2 - Guoyuan Securities notes that geopolitical conflicts and tariff policies have heightened market risk aversion, leading to strong performance in precious metals, with a focus on gold and strategic minor metals due to export control policies [2] - The non-ferrous metal industry index reflects the overall performance of listed companies in the sector, with the top ten weighted stocks accounting for 50.93% of the index [2]