美联储降息节点渐进，近3轮降息金价平均涨44%！黄金基金ETF（518800）大涨1%

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices, with spot gold surpassing $3,500, reaching a historical high, and the Shanghai gold futures contract increasing by nearly 4% [1][2] - The recent increase in gold prices is attributed to several factors, including rising inflation data in the U.S., dovish signals from Federal Reserve officials, and ongoing geopolitical tensions, particularly the escalating U.S.-India tariff conflict [2] - Central banks are continuously buying gold, with China's official gold reserves reaching 73.96 million ounces by the end of July, marking the ninth consecutive month of increases, which supports gold prices [2] Group 2 - Major financial institutions are optimistic about the future of gold prices, with Morgan Stanley predicting prices could reach $4,000 per ounce, potentially sooner than expected [3] - Goldman Sachs forecasts gold prices to rise to $3,700 per ounce by the end of 2025 and further to $4,000 by mid-2026, indicating a bullish outlook for the precious metal [3] - The ongoing trend of "de-dollarization" and the diversification of dollar reserves are contributing to the positive sentiment around gold as a safe-haven asset [3] Group 3 - The gold ETF (518800) allows investors to invest in gold spot contracts with good liquidity and the ability to redeem for physical gold, making it an attractive option for those looking to gain exposure to gold [4] - The ETF provides T+0 trading, enhancing its liquidity compared to physical gold and gold bars, which have storage and liquidity challenges [4]