黄金市场重拾上升动能！国际金价再创新高，主题基金年内最高涨超60%

Core Viewpoint - International gold prices have reached new historical highs, with London gold hitting $3508.69 per ounce and COMEX gold reaching $3578.4 per ounce on September 2, 2023, marking over a 30% increase year-to-date [1][3]. Group 1: Gold Price Trends - Gold prices have been on an upward trend throughout the year, with significant fluctuations. After reaching a peak of $3500.12 per ounce in April, prices corrected before hitting new highs in September [3]. - As of September 2, 2023, London gold was reported at $3486.02 per ounce, up 0.3%, while COMEX gold was at $3556.1 per ounce, up 0.29% [3]. Group 2: Factors Driving Gold Prices - The recent surge in gold prices is attributed to Federal Reserve Chairman Jerome Powell's dovish remarks at the Jackson Hole global central bank conference, which increased market expectations for a rate cut in September from 75% to 90% [3]. - The independence of the Federal Reserve has been questioned following President Trump's announcement to dismiss a Fed governor, further weakening the dollar's credibility and benefiting gold as an alternative asset [3][4]. Group 3: Performance of Gold Investment Funds - Gold-themed funds have performed exceptionally well this year, with 14 gold ETFs showing an average increase of over 29%, and six gold stock ETFs rising over 60%, led by the Yongying CSI Hong Kong-Shanghai Gold Industry Stock ETF at 67.17% [5]. - The outlook for gold prices remains positive, with expectations of continued upward movement due to inflation resilience and a weakening dollar [5][6]. Group 4: Structural Investment Trends - There is a structural narrative supporting gold investment, with central banks and foreign exchange reserve managers increasing their gold holdings to diversify away from the dollar [7]. - Emerging markets like China and India are significantly increasing their gold reserves, which are currently below the global average, indicating a strong motivation to enhance gold asset allocation [5][7].