美国5月CPI低于预期，市场押注美联储降息预期升温，上海金ETF（159830）涨超1%

Group 1 - The core viewpoint of the articles highlights the strengthening of gold prices due to lower-than-expected inflation data in the U.S., which has increased market expectations for interest rate cuts by the Federal Reserve [1][2] - The Shanghai Gold ETF (159830) has seen a price increase of over 1% and recorded a net inflow of 2.32 million yuan on June 11, indicating positive investor sentiment [1] - The U.S. Consumer Price Index (CPI) for May rose by 2.4% year-on-year, which is higher than the previous value but lower than expectations, leading to speculation about potential interest rate cuts by the Federal Reserve before the end of the year [1] Group 2 - Since May, gold prices have been in a volatile pattern influenced by uncertainties surrounding U.S. tariff policies and cautious remarks from Federal Reserve Chairman Jerome Powell regarding interest rate cuts [2] - The uncertainty surrounding U.S. tariff policies and ongoing geopolitical risks may lead to a situation where precious metal prices are more likely to rise than fall, despite delayed expectations for interest rate cuts [2]