全球实物黄金ETF延续流入态势，黄金ETF基金(159937)近10个交易日“吸金”1.24亿元，机构判断黄金仍具备较强支撑

Core Insights - The recent performance of the gold ETF fund (159937) shows a slight decline of 0.36% as of August 15, 2025, with a recent price of 7.38 yuan, while it has seen a cumulative increase of 1.01% over the past two weeks [2] - The World Gold Council reported a global inflow of $3.2 billion into physical gold ETFs in July, driven mainly by Western markets, leading to a record high in assets under management (AUM) of $386 billion [2] - The gold price remains supported by expectations of interest rate cuts and geopolitical risks, with significant buying activity from central banks, particularly China, which has increased its gold holdings for nine consecutive months [3] Fund Performance - As of August 14, 2025, the gold ETF fund has appreciated by 81.02% over the past five years, ranking among the top two comparable funds [4] - The fund's highest monthly return since inception was 10.62%, with a historical average monthly return of 3.23% and a 100% probability of profit over a three-year holding period [4] - The fund's management fee is 0.50%, and the custody fee is 0.10%, indicating a relatively low cost structure [4] Market Activity - The gold ETF fund has seen a balanced inflow and outflow of funds recently, with a net inflow of 12.4 million yuan over the last ten trading days [3] - Leverage in the market is evident, with the latest margin buying amounting to 13.99 million yuan and a financing balance of 3.542 billion yuan [3] - The fund's tracking error over the past three months is 0.002%, demonstrating high tracking precision compared to similar funds [4]