金矿企业业绩持续高增，黄金股ETF有望迎补涨机会

Core Viewpoint - The article highlights the impact of the U.S. imposing a 50% tariff on India, which has led to increased risk aversion and a subsequent rise in gold prices, benefiting gold-related stocks and ETFs [1] Group 1: Market Reaction - Gold prices experienced a significant upward movement, with gold stock ETFs (159562) rising by 1.38% and individual stocks like China National Gold International increasing by over 10% [1] - Other gold-related companies such as Zhaojin Mining, Shandong Gold, and Jiangxi Copper also showed strong performance [1] - The gold ETF Huaxia (518850) saw a modest increase of 0.21%, while the non-ferrous metal ETF (516650) declined by 0.22%, indicating a mixed performance in the sector [1] Group 2: Company Performance - Gold mining companies reported strong performance in the first half of the year, with over 80% of the 24 companies that disclosed their mid-year reports showing positive earnings, averaging a net profit growth rate of 58.44% [1] - The overall development trend for gold mining companies remains positive, with expectations for continued earnings growth [1] Group 3: Investment Opportunities - Since July, various factors such as anti-involution, tariff conflicts, and potential interest rate cuts by the Federal Reserve have been influencing the market, leading to recommendations for investment in non-ferrous metals [1] - Gold stocks have shown a notable lag compared to other sub-sectors, suggesting potential for valuation recovery as market sentiment improves [1] - The earnings elasticity and long-term growth certainty of gold stocks are expected to drive their valuation recovery in the near term [1]