黄金再度大涨，港股消费板块成长信号明确，聚焦港股消费ETF（513230）布局机会

Group 1 - Precious metal prices have strengthened again, with international gold prices rising for the fifth consecutive trading day, reaching a historical high of 3553.8 USD/oz for COMEX gold futures and breaking through 3480 USD/oz for spot gold, which is close to the historical high set in April. Year-to-date, spot gold has increased by over 32% [1] - Domestic gold stocks, such as Western Gold, Hunan Gold, and Zhongjin Gold, saw their stock prices rise on the same day. Prices of some gold jewelry brands also increased, with Chow Tai Fook and Luk Fook Jewelry's physical gold prices at 1027 CNY/g, up by 1.18% [1] - The recent surge in the precious metals market is largely driven by expectations of interest rate cuts from the Federal Reserve, which has sparked widespread market attention and investment enthusiasm. Several international financial institutions have raised their gold price targets, indicating strong optimism for the future of gold [1] Group 2 - Haitong International pointed out that with the Federal Reserve potentially restarting interest rate cuts, there is a possibility of an unexpected return of foreign capital. The recent shift in the Federal Reserve's policy, highlighted by Powell's dovish stance at the annual meeting, may lead to a continued weak trend for the dollar, combined with a stabilization in China-US trade relations, providing a favorable macro environment for foreign capital to improve or even exceed expectations [1]