降息预期升温！金价、铜价将如何演绎？有色50ETF(159652)涨超1%，盘中再度吸金，连续3日获净申购，资金加速增仓“反内卷先锋”！

Core Viewpoint - The A-share market shows a mixed trend with the non-ferrous metal sector experiencing upward movement, particularly the Non-ferrous 50 ETF (159652), which has seen significant net subscriptions and inflows recently [1][2]. Group 1: Market Performance - As of August 6, the Non-ferrous 50 ETF (159652) rose by 1.12%, with a net subscription of 3 million shares during the trading session [1]. - The ETF has attracted over 11 million CNY in net inflows over the past two days [1]. - Key component stocks of the ETF have shown varied performance, with Zijin Mining rising over 1% and other stocks like Northern Rare Earth and China Aluminum experiencing slight increases [1]. Group 2: Economic Indicators - The U.S. non-farm payroll data for July fell short of expectations, with only 73,000 new jobs added, leading to significant downward revisions of previous months' data [2]. - The probability of a rate cut by the Federal Reserve in September has increased to 80.3% following the disappointing employment figures [2]. Group 3: Sector Outlook - The non-ferrous metal sector is expected to benefit from the anticipated interest rate cuts, which may drive capital from dollar assets to industrial metals, supporting prices for copper and aluminum [3]. - The market's risk-averse sentiment, driven by economic concerns, is likely to enhance the appeal of gold as a safe-haven asset, potentially initiating a new upward trend in gold prices [4]. - The combination of rate cut expectations, supply-demand dynamics, and government policies aimed at optimizing production capacity in the non-ferrous sector is expected to bolster the industry's growth [6]. Group 4: Investment Opportunities - The Non-ferrous 50 ETF (159652) is highlighted as a leading option for investors looking to capitalize on the recovery and rate cut cycle, with a significant copper content of 31% [8][10]. - The ETF's structure and the underlying assets position it favorably for potential gains in both precious and industrial metals [12].