黄金再创新高！美联储降息如何推高有色金属价格？有色龙头ETF（159876）盘中涨超2%获资金净申购3060万份

Group 1: Market Activity - The Nonferrous Metal Leader ETF (159876) saw a morning increase of 2.11% and received a net subscription of 30.6 million units, indicating strong market interest in the sector [1] - Over the past five days, the ETF has attracted a net inflow of 28.4 million yuan, and 40.96 million yuan over the last ten days, reflecting positive sentiment towards the sector's future [1] - Key constituent stocks such as Jinchuan Group, Western Gold, and Silver Industry reached their daily limit, while Huayu Mining and Hunan Gold saw significant gains of over 8% [1] Group 2: Gold Market Insights - COMEX gold prices have reached a historical high of $3542.8 per ounce, driven by three main factors: concerns over the independence of the Federal Reserve, rising expectations for interest rate cuts, and significant upward revisions in gold price forecasts by institutions [3] - Analysts suggest that the combination of these factors enhances gold's appeal as a safe-haven asset, potentially driving continued inflows into gold-related stocks [3] - The expectation of Federal Reserve rate cuts is anticipated to boost nonferrous metal prices by making physical assets more attractive as the dollar depreciates and reducing borrowing costs for companies [3] Group 3: Future Outlook for Nonferrous Metals - CITIC Construction expresses optimism for the nonferrous metal sector, citing the Federal Reserve's easing monetary policy and domestic initiatives to optimize production factors as supportive of rising metal prices [4] - The industrial metal sector is currently undervalued, suggesting potential for upward correction, with a bullish market for nonferrous metals beginning to take shape [4] - The strategic importance of rare earths, tungsten, and antimony is highlighted, as these metals benefit from global geopolitical dynamics [5] Group 4: Sector Composition and Investment Strategy - According to Shenwan's classification, as of the end of July, the Nonferrous Metal Leader ETF and its linked funds track the Zhongzheng Nonferrous Metal Index, with copper, aluminum, gold, rare earths, and lithium holding respective weights of 24.5%, 15.3%, 14.4%, 11.5%, and 8.2% [5] - This diversified exposure allows for risk mitigation compared to investing in single metal sectors, making it suitable for inclusion in investment portfolios [5]