国际金价持续震荡，黄金ETF基金(159937)成交额超6亿元，连续4天净流入

Core Insights - The recent US-China trade talks have yielded unexpectedly positive results, leading to a decrease in risk aversion and an increase in market optimism, which has caused fluctuations in international gold prices [3] - As of May 12, 2025, the gold ETF fund has seen a net asset value increase of 93.71% over the past five years, ranking it among the top two comparable funds [4] Market Performance - As of May 13, 2025, international gold prices briefly fell below $3,220 per ounce, while the gold ETF fund (159937) dropped by 1.41% to a latest price of 7.26 yuan [3] - The gold ETF fund has experienced a significant liquidity event, with a turnover rate of 2.16% and a transaction volume of 619 million yuan [3] - Over the past month, the average daily transaction volume for the gold ETF fund was 1.389 billion yuan, placing it in the top three among comparable funds [3] Fund Inflows and Leverage - The gold ETF fund has seen continuous net inflows over the past four days, with a peak single-day net inflow of 176 million yuan, totaling 357 million yuan in net inflows during this period [3] - Leveraged funds have been actively positioning themselves, with the gold ETF fund receiving net purchases of leveraged funds for four consecutive days, reaching a maximum single-day net purchase of 20.18 million yuan [3] Historical Performance Metrics - The gold ETF fund has recorded a maximum drawdown of 8.14% year-to-date, with a relative benchmark drawdown of 0.30% [4] - The fund's management fee is set at 0.50%, while the custody fee is 0.10% [4] - The fund has a historical holding period profitability probability of 100% over three years, with an average monthly return of 3.27% and an annual profit percentage of 80% [4]