避险情绪升温，上海金ETF(518600)高开高走上涨1.66%，单日获资金净流入超7000万元

Group 1 - The core viewpoint of the news highlights the stable PPI data in the US and the high unemployment rate, leading to market speculation on potential interest rate cuts by the Federal Reserve [1] - The geopolitical tensions in the Middle East, particularly the Israeli airstrikes on Iran, have increased safe-haven demand, resulting in a rise in gold prices, reaching a new high of $3436 per ounce [1] - The Shanghai Gold ETF (518600) has shown strong performance, with a recent net inflow of 70.31 million yuan and an average daily trading volume of 146 million yuan over the past month, ranking among the top two comparable funds [1] Group 2 - The European Central Bank's annual report indicates that gold has surpassed the euro to become the second-largest reserve asset globally, with central bank gold purchases exceeding 1000 tons for three consecutive years [2] - High uncertainty in the macroeconomic environment is expected to drive further demand for gold as a safe-haven asset, with predictions of gold prices reaching $3700 per ounce by the end of 2025 and $4000 per ounce by mid-2026 [2] - The increase in the US fiscal deficit, reported at $316 billion for May, has contributed to the upward pressure on gold prices, as the weakening of the dollar's credit system becomes a market consensus [2]