黄金基金ETF（518800）近5日净流入超6亿元，机构：9月有望开启降息周期

Group 1 - The U.S. job market is showing significant weakness, potentially initiating a rate cut cycle in September [1] - Traders are betting that the Federal Reserve will cut rates three times by the end of the year, with some observers suggesting a possible 50 basis point cut in September [1] - A decline in U.S. real interest rates, driven by lower nominal rates while inflation remains stable or slightly increases, is expected to support rising gold prices [1] Group 2 - Global political instability is creating uncertainty, making gold an effective hedge against risk [1] - Countries like Europe and Japan are facing significant fiscal pressures, which could lead to a sell-off of their bonds, benefiting gold as a safe-haven asset [1] - Investors are encouraged to consider gold ETFs, such as the Gold Fund ETF (518800), and those without stock accounts may look at the Cathay Gold ETF Link A (000218) and Link C (004253) [1]