降息即将重启？金价有望重回升势，黄金ETF基金(159937)红盘震荡，连续两日获资金净流入

Core Viewpoint - The article discusses the recent performance and outlook of the Gold ETF fund, highlighting the potential for interest rate cuts by the Federal Reserve and the implications for gold prices and investment flows [2][3]. Group 1: Gold ETF Fund Performance - As of August 14, 2025, the Gold ETF fund (159937) increased by 0.03%, with a latest price of 7.4 yuan. Over the past two weeks, the fund has accumulated a rise of 0.52% [2]. - The fund's trading volume showed a turnover of 0.63% with a transaction value of 1.84 billion yuan. The average daily transaction over the past month was 6.80 billion yuan, ranking it among the top two comparable funds [2]. - Over the past five years, the Gold ETF fund's net value has increased by 82.63%, placing it in the top two among comparable funds [4]. Group 2: Market and Economic Factors - U.S. Treasury Secretary Yellen expressed optimism regarding the Federal Reserve's September meeting, indicating a potential for a 50 basis point rate cut and a series of subsequent cuts, with a total reduction of 150 to 175 basis points suggested [2]. - The likelihood of a rate cut during the Fed's meeting on September 16-17 has risen to 100%, with a greater than 50% chance of a total reduction of 75 basis points for the year [2]. - The global central banks have been increasing gold purchases, with China continuing to add to its reserves for nine consecutive months, reflecting a rising willingness to allocate assets to gold [3]. Group 3: Fund Inflows and Leverage - The Gold ETF fund saw a net inflow of 6.654 million yuan recently, with six out of the last ten trading days showing net inflows totaling 113 million yuan, averaging 11.2741 million yuan per day [3]. - The latest margin buying amount for the Gold ETF fund reached 13.7028 million yuan, with a financing balance of 3.542 billion yuan [3]. Group 4: Fund Metrics and Fees - The fund's highest monthly return since inception was 10.62%, with a maximum consecutive monthly gain of 16.53%. The average return for up months is 3.23%, and the annual profit percentage is 80.00% [4]. - The fund's management fee is 0.50%, and the custody fee is 0.10% [4]. - The fund's tracking error over the past three months is 0.002%, indicating high tracking precision compared to similar funds [4].