金价上行动能充足，现货黄金大涨，黄金ETF基金(159937)涨近1%冲击4连涨

Core Viewpoint - The gold ETF fund (159937) has shown a positive trend with a 0.92% increase, marking a four-day consecutive rise, and is expected to continue its upward momentum due to favorable economic policies and market conditions [3][4]. Group 1: Fund Performance - As of July 22, 2025, the gold ETF fund has accumulated a 0.54% increase over the past week [3]. - The fund's net inflow reached 91.86 million yuan recently, with a total of 156 million yuan over the last five trading days, averaging 31.22 million yuan per day [3][4]. - The fund's net value has increased by 84.85% over the past five years, ranking it among the top two in comparable funds [4]. Group 2: Market Conditions - On July 23, 2025, the London spot gold price reached a peak of 3438.8 USD/ounce, the highest since June 16 [3]. - The expectation of stable tariff policies and continued tax cuts under "Trump 2.0" is anticipated to provide strong support for gold prices [3]. Group 3: Fund Metrics - The gold ETF fund's latest share count reached 3.881 billion, a new high for the past month [3]. - The fund's management fee is set at 0.50%, and the custody fee is 0.10% [4]. - The fund has a Sharpe ratio of 2.34 over the past year, indicating strong risk-adjusted returns [4].