Core Viewpoint - The recent increase in gold ETF funds is driven by rising geopolitical tensions and trade uncertainties, leading to a heightened demand for safe-haven assets like gold [3][4]. Group 1: Gold ETF Fund Performance - As of July 14, 2025, the gold ETF fund (159937) has risen by 0.65%, marking a three-day consecutive increase, with the latest price at 7.42 yuan [3]. - Over the past two weeks, the gold ETF fund has accumulated a total increase of 0.78% [3]. - The fund's latest share count reached 3.851 billion, a new high in nearly a month [4]. - The fund has seen a continuous net inflow of capital over the past six days, with a maximum single-day net inflow of 87.7045 million yuan, totaling 194 million yuan, averaging a daily net inflow of 32.2992 million yuan [4]. Group 2: Market Conditions and Economic Indicators - The U.S. has increased tariffs on Canada to 35% and announced additional tariffs of 15% to 20% on most other trade partners, which has led to a rise in market risk aversion and increased gold prices [3]. - The uncertainty surrounding U.S. tariffs remains, with the effective date pushed to August 1, providing a three-week buffer for negotiations [4]. - Despite strong non-farm employment data in June, potential weaknesses in the private sector and labor market may create future economic uncertainties [4]. Group 3: Historical Performance and Metrics - The gold ETF fund has seen a net value increase of 87.16% over the past five years, ranking it among the top two comparable funds [5]. - The fund's highest monthly return since inception was 10.62%, with a maximum consecutive monthly increase of six months and a total increase of 16.53% [5]. - The fund's year-to-date relative drawdown is 0.40% as of July 11, 2025, with a Sharpe ratio of 2.37 for the past year [5].
黄金ETF基金(159937)高开冲击3连涨,最新份额创近1月新高,关税不确定性仍存,或助推金价长期中枢上行
Sou Hu Cai Jing·2025-07-14 02:01