隔夜金价大幅反弹， 黄金ETF华夏（518850）、黄金股ETF（159562）双双走强

Group 1 - The core viewpoint is that gold prices are experiencing fluctuations influenced by recent market movements and global economic factors, with significant inflows into gold ETFs indicating strong investor interest [1][2] - On May 16, the Shanghai Gold Exchange saw a strong opening for gold, with related ETFs also rising, reflecting a positive market sentiment [1] - The World Gold Council reported that global physical gold ETFs saw inflows of approximately $11 billion in April, with the Asia-Pacific region leading the way with a record inflow of about $7.3 billion [1] Group 2 - Northeast Securities noted that the current gold price trend shows similarities to last year, suggesting a period of adjustment is necessary for the market to stabilize [2] - The combination of stagflation risks and slowly declining interest rates is expected to support gold prices in the medium term, while global asset rebalancing and a weakening dollar may attract long-term capital into the gold market [2]