Core Insights - The gold ETF (518800) experienced a net inflow of over 0.8 billion yesterday, indicating strong investor interest in gold as a safe-haven asset [1] - Gold prices are driven by the US M2 money supply and the US dollar index, with the current gold price fluctuating around 3350 USD, reflecting that the pricing based on US M2 has been fully realized [1] - Future price drivers may shift towards a weaker dollar cycle, supported by the Trump administration's weak dollar policy and expectations of Federal Reserve interest rate cuts, with a model predicting a target price of 3837 USD by December 2025 and potential to reach 4000 USD in a long-term weak dollar environment [1] ETF and Index Information - The gold ETF (518800) tracks the SGE gold 9999 (AU9999) index, which represents the trading price of gold with a purity of no less than 99.99%, serving as a key indicator of the physical gold market's value [1] - The index is directly linked to global gold market supply and demand rather than specific stocks or industry allocations, reflecting a pure precious metal investment style [1] - Investors without stock accounts may consider the Cathay Gold ETF Link A (000218) and Cathay Gold ETF Link C (004253) as alternative investment options [1]
黄金基金ETF（518800）昨日净流入超0.8亿，机构表示金价或可冲击4000美元/盎司
Sou Hu Cai Jing·2025-07-30 02:06