央行连续第六个月增持黄金，黄金ETF基金(159937)冲击3连涨

Core Insights - The gold ETF fund (159937) has seen a 0.68% increase, marking its third consecutive rise, with a trading volume of 3.20 billion yuan on May 8, 2025 [3] - As of April 30, 2025, China's gold reserves reached 73.77 million ounces, an increase of 70,000 ounces, continuing a six-month trend of gold accumulation by the central bank [3] - East China Futures has raised its gold price target for 2025 to $3,500-$3,600 per ounce, citing ongoing global central bank gold purchases and pressures from U.S. debt monetization and de-dollarization [3] - The gold ETF fund's latest share count reached 3.947 billion, a one-year high, with a net inflow of 176 million yuan recently [3] - Over the past seven trading days, the gold ETF fund has seen net inflows on four days, totaling 957 million yuan, with an average daily net inflow of 137 million yuan [3] Performance Metrics - The gold ETF fund has appreciated by 104.36% over the past five years, ranking second among comparable funds [4] - The fund's highest single-month return since inception was 10.62%, with a maximum consecutive monthly gain of 16.53% [4] - The fund has a historical three-year profit probability of 100%, with an average monthly return of 3.27% and an annual profit percentage of 80.00% [4] - The maximum drawdown for the fund this year is 5.77%, with a relative benchmark drawdown of 0.30% [4] Fee Structure - The management fee for the gold ETF fund is 0.50%, while the custody fee is 0.10% [4]