机构：黄金行情或许尚未结束！上海金ETF(518600)昨日收涨近2%，近1年日均成交额居同类产品第一

Group 1 - Gold prices continue to rise, with Shanghai Gold Exchange's gold T+D increasing by 0.18% to 793.99 CNY per gram on May 7 [1] - As of May 6, 2025, the Shanghai Gold ETF (518600) has seen a 1.92% increase, with a 7.16% rise over the past month [1] - The Shanghai Gold ETF has attracted a total of 175 million CNY in the last seven trading days, indicating strong inflow of leveraged funds [1] Group 2 - The market remains divided on the sustainability of the gold market, with ongoing uncertainties regarding tariff issues and a stagnant stock market [2] - The macroeconomic environment suggests a potential "stagflation" scenario, indicating that the gold market may not be over yet [4] - China is currently in the first phase of the Plinker cycle, with recommendations to allocate investments in bonds and gold [4] Group 3 - The Shanghai Gold ETF closely tracks gold prices and aims to minimize tracking deviation and error, providing investors with returns similar to the performance of gold pricing contracts [4] - The ETF does not involve physical gold delivery, reducing custody costs and supporting T+0 trading, making it a convenient investment tool for gold [4]